IMGpapers 1976–79

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

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· Socialist Challenge No. 122, 15 November 1979 · pp. 12-13 of the scan · 539 words

The scan: sc-n122-nov-15-1979.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 7; machine-segmented newspaper page; uncorrected Vision OCR.

page 12 of the scan

Socialist Challenge 15 November 1979 Page 12 SOCIALISM protectea, No one can therefore he certain that a document which is not classified does not contain information which à Minister may decide is 2. The Minister's certificate that injury, the nation conclusive and cannot be challenged the recent thousands increases armaments at all.

4. A new category of information relating to the interception of mail and telephone tapping is created.

This, too, is subject to no test of and covers information gained by these methods but information about the methods themselves.

IT IS argued that the cuts proposed in Тогу White on government spending are necessary to control inflation but is this true?

In fact, the White Paper is itself inflationary. It increases spending on defence and the police — areas which don't produce anything while cutting of productive •jobs Corby and BL.

Resources allocated to armaments and defence simply drop out circulation. The 'products - guns, tanks and so on — sit idly in army bases until they're outdated, or are used against Irish people.

The money that's paid for them spending power the industry, but decreases the amount of goods and services that could otherwise be produced.

The same is true of the pay rises for soldiers and the which increase the purchasing power of a section of the population without any corresponding increase in production But the most alarming thing about the figures in the White Paper is that they are all based on the assumption that inflation will be running at 11.5 per cent per year, despite the fact that even official estimates put it at 20 per cent before the end of the year.

In other words, to get a real idea of the extent of the cuts you have to add about 10 per cent to each of them.

Undoubtedly, when it becomes obvious that inflation running much higher than the Tories pretend, test of 'no reasonable cause' contrary to the British crimina law 7. The system of classification is to be the individual Ministers, but of the Prime only Minister, and she may delegate the 1ob of cassitication to responsible authorities' which may not be within government departments proper.

during the course of next year, the government will blame wage rises.

But the nothing to do with wage rises — trade do not cause never have Since the war governments have used Keynsian economics and hence at continually increased supply. Kevnes argued that wherea:

wages, it is a lot more difficult to resist cuts in the purchasing money wages caused by rising prices So inflation is a policy, and it has been used by successive governments to reduce the real value of wages by printing more money. allows capitalists to put up prices so thạt the Ical value continually talling back.

But now inflation is creating more problems than capitalist class. gullible as Keynes made because nothing has been keeping its value, long-term investment is very risky. With money losing its value all the time, no one wants to lend it

page 13 of the scan

at election majority of the would following lines:

1. strengthening 3. racist 4. therefore be along the

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Why governments like inflation... up to a point

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