BRIAN GROGAN has got it all wrong (Letters Jan) when he monetarism (factory closures, etc) is in the interests of the British bosses because it leads to increases in productivity.
Far from it. Her obsession WILD the 'marketplace leads in practice to allance with foreign multi-nationals against her ow The consequence is The consequence here for all to sec destruction UK manufacturing base and decimation of key sections of the organised working class.
Moreover, how can we seriousiy maintain that the Tories selling off North Sea oil assets - a key commodity to foreign companies strengthens UK capital?
At present 60 per cent of UK oil exports are sold to the US and being stored in a strategic reserve (that is in topped up oil wells) and five more years of Thatcher will lead to the well but to oil being wells but to being sold back to us at inflated prices! 1920s and 30s we saw, as during the today, a recession producing plummeting levels and living standards - but, contrary to Brian's argument it did not lead to increases in the productiviof labour. The history of the pre-war mining industry is a case in point SCHA that Thatcher's redundancies, Indeed it was only the compulsion of war, state intervention and later nationalisation which led to a jacking up of productivity in major industries.
Why was this? Quite simply because the specific character of capilalism has been the institutional divorce of Capita 11dustrial capital, with the former dominating and controlling the latter. Exportation of capital rather than domestic investment has been the main activity.
Hence it's not a coincidence that the key industries massive profits are banking, properties and more marginaly the food industry.
The inability of UK industrialists the technology on the scale of their competitors is a product not of 'innate conservatism' but of the extreme difficulty in obtaining long-term credits from the banks.
The reason for Britain's economic decline is not a high wage economy - the UK is bottom of the Lestore starvation by n league table vestment over decades.
The logic Thatcherism if left to its own devices over the next five years won't be a fitter economy but economy of warehouses and consumers WHOLE forced to buy whatever the multi-nationals decide to dump on us.
incory In cold De possible to restructure Bri to facilitate a long term refuelling of finance into British manufacturing, as was done in Japan Germany US tutelage after the war, or interestingly as Hitler did during the 30s.
But to expect that such YESH CH could carried out "wet' Fores, the SDP Denis BRIAN Grogan says that the bosses need the policies of the SDP like a hole in the head.' But, as the old refrain goes, what about the workers?
arne rise of the SDP represents the crisis of leader the Tories have guidated.
have considerable popular support amonste Large sections of the midherself would be about as realistic as expecting Cardinal Hume lead radical restucturing of the Vatican.
groupings are mere puppets of different LECTORS ORDIATO A ly unable to reverse the CHOSENC decline the UK What socialists have to argue and fight for is a workers government that will lead the struggle for the nationalisation of the economy under popular control - which is the only realistic alternative to a wasteland of dole queues.
(ASTMS)
Manchester die class cannot stomach their war-mongering and pulverisjobs in the public sec-HOCDCLECH ruling MESS SIDE programme (although Brian the Tory underestimates bosses divisions) Tories widespread resistance organisco working clas The question for the the SP is by thing up s is opening up, but how thes Can TEn
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Healey, or even Thatcher What about the workers?