Is taxing wealth the answer?
Nationalisation without compensation?
perhaps it requires a Revolution?
Listening to Michael Hudson's on-going analyses of the current Capitalist Crisis, it becomes crystal clear that a rejuvenation of Trades Unions to fight on behalf of Workers' wages would never be enough to dismantle the towering wealth and power of the Capitalist Class.
For, the absolutely crucial task is to take back their wealth completely to use solely for the benefit of the people.
Now, the historical means of achieving this is absolutely clear: and it wasn't and never could be the task of Trades Unions. And yet, the only applicable power of the Working Class has always been the withdrawal of their Labour in strike action. And, strikes are organised by Trades Unions! Thus purely-Trades-Union type activity can never produce that essential transformation of the system, which is, and always has been, through Revolution.
And, even when that happens, and it is carried through to a successful conclusion, as it was in Russia and China, the transfer of that wealth to a State Bureaucracy was not sufficient to secure those gains permanently.
Could you ever achieve such a Revolution by strikes alone, no matter how big? Even General Strikes usually fail to achieve any fundamental change.
To separate the Ruling Class from their wealth involves Force, but, primarily, it also requires the winning of the leadership of the masses by a political party with the Theory and Organisation to achieve it. The Question is, "Are there such parties currently in existence anywhere?"
The answer is, clearly, "NO!"
I watched the "Not One Day More" demonstration though London on the eve of the British General Election. It was truly magnificent, and those loudly voiced demands, by working people, for a Labour government, would indeed be a necessary first step.
But, who was there, among the masses, spelling out what had to happen next? Nobody - we only got slogans! There were different tendencies in evidence. And, they were co-operating in a United Front, but the participating parties seemed to believe that softening their policies was necessary. Anything more radical than shouting for a Labour Victory was clearly seen as "rocking the boat"... NO, they were wrong!
Indeed revolutionary demands within such a magnificent show of Solidarity, would not only be possible, it would demonstrate to those involved alternative ways of going forward TOGETHER, ways that might actually address the root causes of inequality.