Date: Tue, 27 Jun 1995 09:16:45 BST From: wdrb-AT-siva.bris.ac.uk Subject: Tory Chaos The spectacular disintegration of the British Conservative Party is very exciting. Two aspects of these developments strike me as significant. I would appreciate others' comments. 1) The primary split in the Party is over the future of the nation state. The looming possibility of scrapping sterling and joining a Euro currency is seen as a profound threat by the Tory right. This highlites the contradictions that stem from the global integration of the economy through transnational circuits of capital. While Thatcher contributed to this process by lifting exchange controls to give 'British' capital global freedom and enhance the role of the City of London, the process ultimately threatens the nation state. The politics of the right is organised around 'the nation' as that of the left is organised around 'class'. The rightwing of the Conservative Party believes that it must cling to the flag of the nation state at all costs. The climb down by Shell over Brent Spar illustrates the weakness of the nation state in a world of trans national capital. The Lefts reliance on Lenin's "Imperialism..the highest stage of capitalism" as a description of the world precludes an analysis of these developments. 2) The second phenomena which the Tory crisis highlites is the impact upon bourgoies parliamentary democracy of mass media and marketing processes. Leaks from rival camps in the party smearing opponents in the media have created sensational news stories. Opinion polls have then plummeted feeding back into the vicious party faction fighting. Each side then blames the other for 'disunity' and 'unpopularity'. There is much talk of an electoral wipe out on the lines of the Canadian Conservatives. A prediction: The Tory split is irrevocable. The Tory right has set its face against abandoning sterling. Significant sections of British capital oppose this. The rest of the Tory party does as well because it threatens to leave the UK outside an integrating European economy. John Major is definitely finished. Redwood will poll enough to kill him but not enough to win outright in the first round. Abstentions will bring in Heseltine and possibly Portillo. Hesseltine will probably win on a second ballot. But the party cannot form a coherent government and an Autumn general election will see the Conservatives routed with Heseltine fighting a desperate campaign to save them from anihalation. Will Brown Bristol England --- from list marxism-AT-lists.village.virginia.edu --- ------------------
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