GIVEN the political will, we could have a government tommorrow would: 20,000 house building by 75 per cent; Grand expand education over by 25 per cent; boost pensions by 50 percent; guarantee fullurban time women and men; and still have fire the resources to spare to inproductive by half.
has This is the have reached. by economists Harrison and Andrew Glyn, in BOOK Economic Disaster - In- £2.65)
These paid for simply by employing 2m unemployed workers on the was machines left idle were flung on the dole. general To release these resources;
But the STELLA plan unde the govert workers' motive: 'Once investment decisions were capital's hands, production yielded only a small surplus for expand would economic disruption.' and health be controversial. they show that the present crisis £105 rooted throughout the West and above Drilall investment classical Marxist there . 1s an conclusion towards falling profits.
John ditions, arinsing The nature of the postwar boom, (Pluto, have produced the crisis.
measures could be agrees with them, their case is backed with a wealth of facts that will be invaluable to conwhen they vince others of the need for socialist planning.
The authors ament would daye lo inarcherisin control, choice that the ruling class has instead of relying on the profit made: an attempt to use the : Teession taken out of the fact that accumulation enough. longer lead to They ington's Much of what they say will Although unions technology falling profits and power, they deny thesis that the inbuilt tendency They assert that special conthe Whether or not the reader improvements, fails show that political political smash working, intrests of workers. class organisation and restore capitalist profitability. It can be defeated if resistance is strong quote Lord Carrsecret memorandum to the Tory leadership: Strong and advanced operated by their particularly in fuel mean govenment these days can 'win' Mr. Baldwin's Cabinet triumphed during the General Strike of 1926 by maintaining supplies and services.' Discussing the Labour left's laternative economic strategy, they conclude that it promises while disrupting present economic arrangements as thoroughly as a genuine socialist plan would.
But it has a fatal flaw.
acknowledge the need • IO launch decisive attack on the power of capital if investment and pro duction are to be planned in the
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