IMGpapers 1976–79

Newspapers of the International Marxist Group and its forerunners, 1976–79

Inflation

Red Weekly No. 169, 1976 · pp. 7-8 of the scan · 239 words

The scan: rw-no169-oct-7-1976.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Apple Vision OCR) from a scan of a newspaper page, and the page was cut into articles by machine, at the headlines found by their type size. Nothing has been corrected: expect misread words, text from a neighbouring article, and titles that are the machine reading of the headline, some of them only fragments. Quote from the scan, not from this page.
How this article was cut and titled: headline found by type size in the OCR geometry (split_tabloid.py); 4-4 of 5; machine-segmented newspaper page; uncorrected Vision OCR.

page 7 of the scan

Change sides The strategy of the Campaign for Democracy, who announced that they. had decided to 'concentrate on persuading delegates from these unions to change sides next year', is however doomed to failure. rar 100 much is at stake for a strategy 'persuasion' to work.

In a situation where Britain's 13 per cent price inflation is twice the US's 6½ per cent, cesote curs in redi wales. the disappearing boom' means hopes of export-led recovery are so much eye-wash.

After all the talk that wages cause inflation, The Economist (2 October) revealed that 'although labour unit costs in industrial countries were indeed virtually stable in the nine months spring with hotels. tood manutacturing anc retailing and tobacco also improving s ue mar waboleon orce descrbed Britain as a nation of shopkeepers (and brewery owners perhaps) - that was, nowever, tro years ago.

On 1 September, Clive Jenkins, general secretary of the Association of Scientific Technical and Managerial Staffs, said that he expected unemployment to reach two million. Last week's events make that expectation a certainty. -ine omner certainty is a massive onslaught on all the social gains made by the working class since

page 8 of the scan

By declaring that all other organisations on the left except the ICL were not revolutionary but centrist, the comrades of Workers Power were in fact cutting themselves off from the very possibility of regroupment on the left to which they had committed

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