[Socialist Press No.1] The object of these provisions…]
Socialist Press1975 1975-06-26Read it in the scan (PDF), scan page 8 →
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Socialist Press No.1] The object of these provisions was simply an attempt to draw trade unionists into the process of Industry's rationalisation and reorganisation which necessarily meant an increase in speed-up and unemployment.
This is shown in the second point now proposed for amendment - the powers of the NEB to provide financial assistance and to nationalise industries or sectors of industry. The aim was clearly to use state finance as a tool for the further reorganisation of industry and the restoration of profitability at the expense of the working class.
This emerged in the one exampl of NEB intervention - the Ryder report. Ryder gave massive handouts of cash and made provisions for worker "participation" in management in return for massive increases in productivity. and labour force reductions over a period of years.
The content of Benn's Industry Bill has therefore always been speed-up and unemployment to DEVELOPMENT FUND £500 Monthly White both the TUC and the Labour leaders collaborate with the CBI and seek a capitalist "solution' to the crisis, the need for a leadership with a program me to defend jobs and wages.
The success of the WSL in expanding. into new areas and the growing support for its policies stem from this understanding and the programme put forward in Socialist Press.
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