The idiocy of a system under which it is 'efficient to have four million people out of work: Unemployment is party of a vicious spiral in which falling profits lead to wage cuts and job losses;
unsold, leading to factory closure and further sackings.
There is no way out while investment is still controlled by private owners looking for the highest profit. Only planning can end this insanity. lead to a big expansion of jobs and services. The problem is how to do it, how to overcome the employers' resistance and how to stop any future giving in. wants a revitalised National Enterprise Board' to act as a public sector holding company.
This can be used to lead and direct' investment in the rest of the economy.
The problem is that this is just what the Wilson government was asked to do by the Labour Party. What should be done when the bosses refuse to play ball? It is here that the report dissolves into the same vague carrot and stick' proposals that shipwrecked the Industrial Strategy.
'government incentives'. 'more democratic workers cannot then purchase goods which remain the ine working class itsel the report -doesn't draw.
save tain logic has created this mess.
When planning profit, the TUC ing.
A NATIONAL commission of resistance has