[The Tory instruction to management to end. its…]
Socialist Press1979 1979-07-18Read it in the scan (PDF), scan page 12 →
Read from the scan by machine and not corrected: expect misread words, and now and then a caption or a line from a neighbouring story. For anything you quote, read the scan.
Scan page 12
The Tory instruction to management to end. its current £309 million per year losses and get into ST MA Dennis Healey The changing fortunes of the very rich were detailed in last week's report from the Royal Commission on the Distribution of Income and Wealth.
The figures show that although the holdings owned by the top 1% did not change significantly from 1972-76, their revenue shifted dramatically.
As the economic crisis of capitalism bore down with greater severity, the share of the wealth owned by this 1% fell from 30% to 22.5% in 1974.
Restore profits
But as Wilson, Callaghan and Healey moved in to restore capitalist profitability through wage control and other attacks on the working class, this decline was reversed.
In particular, the fail in share prices was turned, and by 1976 the top 1% had regained a comfortable share of 24.9% -onequarter of total income!
The bigger the parasite, the bigger his debt of gratitude to the. Labour leaders for their slavish service to his exploitative interests.
----- pull-quotes -----
gifts to ealthy