mine bally acid ran a pals allemator ay thomsands of workers engaged in Such an arganisation should be booed on the OUR POLICIES BD ME Incconciate on won a an intersational scale, This unily will in in run be decisive in defeating both in turnalbi noitec in the Wee and the bruis In Aritain it implies demanding the imm Bale withdrawal of frilid troops free Intoe ne lening the Irish people driemies their on possible, on the argument that Britain cannot afford rises in wul labour costs bigber than her competitors. And secondly. there will be pressure 1o improve productivity by in creasing the amount of output produced by cach worker.
These two poenomena comprise what is meant by 'the restructuring of capital'. it is a response by the capitalist class to the lact that the rate of profit toD low accumulation successfully Money that would be used for investment in industry if profits were high cough is instead used for speculative purposes or is invested overseas. But this for ever, since the money so used ultimately has its source in the production of goods and services; for these to expand then productivity has increase.
So capital must be restructured, through mergers, take overs and bankruptcies, in order that British capitalism be made more efficient. Which Endustries then will do well in 19787 Food manufacturing chemicals, especially soap and detergent, mechanical and electrical engineering, especial. ly industrial plant and stecl bave all more then matched increased import penetration with higher export sales in the last few years. The same can - 328/9 Upper Street London NI WANT TO KNOW MORE?
involved in activilles hy Socialist Challenge se porters in youreres, hilin thefor below and send! fo-us:
Fam interesied in mure informaiion shout se wilies in my area Trauld like addadonal literature and enclose 30p O COVer Cosis. (Delefe if mot applicable)
NAME....
ADDRESS Send to Socialls Challenge, 328/329 Upper Street, Landon NI.
made an indelible mark on history.
enlerprise. In 1977, the women and the men who bad marched out of George Ward's gates to demand basic trade union rights Whatever the eventual outcome of the strike at Grunwick - now in its 16th month — the pickets who massed in support of the predominantly Asian strikers showed the intolerance of the workers movement for the sweatshop conditions that continue to glorify the flag of free The leaders of that movement well deserve Fleet Street's accolade as their People of the Year. The Labour Government, which has bowed to the Law Lords, and SOCIALIST CHALLENGE 5 January 1977 page 3 KERS