Obviously all the anti-capitalist movements, right up to Occupy, have managed to mobilise disaffection, but they have not been able to coordinate it in a way that causes capital any long-term problems at all. What could coordinate discontent? And what could convert ambient disaffection into sustainable antagonism? It is a lack of the sustainability of these antagonisms which is part of the problem with them. Another problem with them, which my comrade, Jeremy Gilbert, has raised, is their lack of institutional memory. If you do not have something like a party structure then you do not have institutional memory, and you just end up repeating the same mistakes over and over.

There is far too much toleration of failure on our side. If I ever have to hear that Samuel Becket quote, “Try again, fail again, fail better”, I will go mad. Why do we even think in these terms? There is no honour in failure, although there is no shame in it if you have tried to succeed. Instead of that stupid slogan we should aim to learn from our mistakes in order to succeed next time. The odds might be stacked in such a way that we do keep losing, but the point is to increase our collective intelligence. That requires, if not a party structure of the old type, then at least some kind of system of coordination and some system of memory. Capital has this, and we need it too to be able to fight back.