IMGpapers 1980–83

Newspapers of the International Marxist Group and its forerunners, 1980–83

The savage twists of the economic slump

· Socialist Challenge No. 154, 3 July 1980 · p. 2 of the scan · 1,051 words

The scan: sc-n154-jul-03-1980.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Apple Vision OCR) from a scan of a newspaper page, and the page was cut into articles by machine, at the headlines found by their type size. Nothing has been corrected: expect misread words, text from a neighbouring article, and titles that are the machine reading of the headline, some of them only fragments. Quote from the scan, not from this page.
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page 2 of the scan

through IF there is anything just one month, socialism worst since the war.

bosses The latest their authoritative ITEM orcuicica lilal reach three million by 1983.

system or compennon tor be feature of svstent. berlanchil all disease.

When backing the asemes savate downward spiral of the slump. all those 'de-industrialisation" as Wing and shipbuilding.

Midlands car

could be decimated By Redmond O'Neil which mass indicts. this Tory! start that week's classical announcement of a 10 per cent increase in unemployment in tues forecast the highly Club (Independent Treasury Economic Model Club) published in the Guardian a week last Monday will double, to the igure Slumps are the regular and inevitable price we pay for living under the capitalist orous. bu these slumps are made worse by a second outdated 200-year old lullallull Every capitalist economy is afflicted with this Thatcher says she wants to squeeze inmanon out or tne system suc Is bosses' determination reduce inflation levels so that they can tions compere tor omes. maroo or boom. this would be bad enough for workers. But during an international slump, it gives DexIa • LWISIS LO LEC However, it is misleading to speak of do union leaders today. It's true that South wales stands to lose tree quarters or ll steelmaking industry and all its mines. And Clyneside and the Tyne have blems. already lost most of their heavy engineerHurthermore and engineering industry But what lies behind his notion of. 'de-. industrialisation'? Nothing other than the - OLICE • rotten old social contract arguments: 'We are the true patriots, the only ones the interests of Britain at heart'. Len Murray echoed these familiar sentiments at the TUC demonstrations on We've got to get straight right from the Britain's fo capita capitalist production. Just look at the acres of un. sold cars in the car depots of the major There and in other •capitalist conThese stocks have led to massive cash-flow problems for the bosses the collapse of Chyrsler and the coming disaster in Fords attest to.

A massive cut our losses' operation is response. And this leads to short-ume layoffs, and wholesale closures or small ractories in we subory muusules Only the big firms with enormous reserves une banks cal this money into gold or silver and invest in petro-currencies to help them ride out the If successful, they re-start their operaconcentrating on • countries where the workers' movement has been smashed up by talling to light back against mass unemployment. This is when developines 're-investment 'special areas massive grants of public money is sought to establish 'capital intensive' using new technology and employing only a handful of workers.

Import controls can't solve these proin today s era of the national company, no country itself off from international crisis Workers need to organise internationally more than ever today to prevent the multinationals from playing us off against each The best defence of jobs is one that recognises that workers, who 9 May. responsibility for the crisis. Far from havWing a duty to tighten their belts, crisis is a nave one rundalculal themselves and their class: to protect living standards and jobs.

A fightback involves strong independent organisanons, tree trom the entang!

or all be many sion tas sated oot many setbacks - a.

British Levland workers. And it involves an active campaign against all attempts to interfere convany u to restrict the closed shop; or to curtail pickets.

This calis tor a airierent type or sno] stewards movement: a more political one their real strength from bargain for over conditions possible - for instance, over the speed of ertective v the LaCK It is this degree which is being eroded as Illanagements capitalise on the Leyland defeat and imDOSC the threat of the dole queue. industries. stewards fighting back against job losses needs a set ot alternative policies to solve lne crisis ol lay-offs and can level govertmen framework of that set of demands must be to start the fight with the aim of kickint our lactories The Llanwern Action Committee has recognised the need basis for a fightback control , bear no ove the right direction. policies, growin Gemanster . responsibility ment growing suffered would have spread.

rights government funded ballots;

jobs; they are and to Within Sports the Right to TUC and South Wales, lobbies.

Traditionally, shop stewards have gained Work Denne able rate when came in, power on the job remained losses. of strength new work practices, backed up by movement capable of presently closures of individual fac- mass unemployment But it also needs answers at the Whose policy The win be organisile for alternative policies and its draft charter, published in Socialist Challenge last week, is a step in fight for these kind of which involve occupations and COI firm control, would mediately precipitate a massive govern •naL CLer movemen would focused on steel and pit closures and it involved in the actions which are vital today should be clear that success will be nearer if there is agreement that they are organising in defence of their • 1190112 Tories; and they are calling on the next Labour government to nationalise all the major industries and financial institutions initiate a crash programme of public works that will create jobs.

overal anti-Tory framework, Socialist Challenge fully sup Work lobbies of the .ОГУ Party both Marxist Group and Revolution Youth will supporting the efforts to build these Of the two targets for the Right to march, however Socialist cnalenge will make unc overwhelming priority the TUC lobby. It is the leaders of the unions that must be forced to start against job Furthermore, , we will be concen trating on mobilising trade unionists to not only support, but to attend the lobby.

While it is vital to channel the anger of the unemployed in a socialist direction.especialv the vouth who are. otherwis eas presently te pasted and there employed and therefore organised, workers that the battle against wil De won or los attend the lobby of the TUC organised by the Mobilising g Committee Against Unemployment will be tell ing the TUC this September doesn't start organising then the lobb to get them out, to replace them with leaders who will

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savagely government it is last

bringing the figure to 1,659,676 - the

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