"The Right positions communism as a threat because communism names the defeat of and alternative to capitalism. It recognizes the crisis in capitalism: over-accumulation leaves the rich sitting on piles of cash they can't invest; industrial capacity remains unused and workers unemployed; global interconnections make unneeded skyscrapers, fiber-optic cables, malls, and housing developments as much a part of China as the US. At the same time, scores of significant problems – whether food shortages linked to climate change, energy shortages resulting from oil dependency, or drug shortages resulting from the failure of private pharmaceutical companies to risk their own capital – remain unmet because they require the kinds of large-scale planning and cooperation that capitalism, particularly in its contemporary finance and communications-driven incarnation, subverts."
Communism

January 1, 1970

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Original Language: English