Wednesday, July 1, 2020

Hey, Hey, Ho, Ho, Marx and Engels Got To Go!

In 1987 Jesse Jackson led a group of folks chanting "Hey, Hey, Ho, Ho, Western Civ has got to go" to protest Stanford's “Western Culture” program.
I don't know if protestors use that chant formulation anymore.

I do know the "Two, Four, Six, Eight..." chant is still used in some quarters. I attempted to help out when the Wall Street Journal's scribes went on strike and on the picket line last decade:
....Using the standard "Two. Four, Six Eight"....

2, 4. 6. 8, something, something fourth estate
2, 4, 6, 8 basal metabolic rate
And trying to verbify emolument into emolumate, that was just embarrassing.
And where, wary but possibly intrigued reader asks, is this ramble coming from (going to)?

Textiles.
Blame the FT's Dan McCrum:
 
Because that story reminded me that Friedrich Engels' fortune was built on the cheap cotton produced by American slaves via the family's business Ermen and Engels. In fact 'ol Freddie spent a lot of time in Manchester representing the fam at one of their cotton thread factories and seemed okey-dokey with the fruits of the slave biz even while decrying the condition of the Manchester laborers.

And Marx suckled on the teat of that cash flow to support himself..
When he wasn't speculating in British equities. See:
Karl Marx Dabbles in the Market (and rationalizes his success)
Friedrich Engels: Global Macro With an Emphasis on Commodities
Karl Marx on Market Manias
Marx and Engels Meet The Jetsons
On Marx and "The Law of the Tendency of the Rate of Profit to Fall"
Here's the amusingly numbered Ch. 13 of Volume III, Das Kapital via Marxists.org.
I've never gotten much farther than Volume I, the first chapter of which is 'Commodities'.
The Karl Marx Credit Card – When You’re Short of Kapital 
There are Some Things Money Can’t Buy. Especially If You Abolish All Private Property.

As the Civil War raged in North America the working people of Manchester sided with the enslaved Black people* but the capitalists like Engels and by extension Marx, wanted that cheap cotton to keep flowing.

That's a bit of history for this 157th anniversary of the beginning of the Battle of Gettysburg.
More tomorrow.

*If interested see The Guardian, February 4, 2013:
Lincoln's great debt to Manchester
In 1863, The US President wrote to the 'working men of Manchester' thanking them for their anti-slavery stance