This episode criticises how Labour and other self-described “socialist” parties trumpet the label without a coherent understanding of socialism, arguing that most of their proposed reforms—such as nationalisation, higher taxes, expanded public services—do nothing to challenge capitalism’s fundamental logic of production for profit. It describes a “Your Party” meeting, where despite participants’ rhetoric about socialism, discussion centered on reforms rather than systemic change. True socialism means abolishing the market system entirely in favour of a moneyless, cooperative society, and that efforts to rebrand or tweak capitalism as “socialist” are misleading.

From the October 2025 issue of The Socialist Standard

World Socialist Radio is the official podcast of The Socialist Party of Great Britain. We have one single aim: th ...