One again we have to report that it is in the columns of the serious capitalist papers that one can read the most clear summing up of our Govern+ ment's policies and line of marche The Stock Exchange Gazette of August 27th, in an article entitled "Political Factor", had this to says
"A !tmeasure of unemployment” - or call it underemployment, if you want to sugar the pill = has for long been claimed by many observers a panacea for our economic ills, Judging by recent sackings and short-time working in domestic equipment and motor industries, the exponents of this theory are going to be granted their wish, Theoretically an easing of pressure on a restricted labour market assists, if it does not solve, several vital problems simultaneously, Perhaps most important, it should impart a sense of urgency for the need, when the backdoor to an alternative job is not so widely open, of a full day's work, Secondly, it should enable for the same reason, new wage demands to be more easily resisted, thus curbing the inflationary spiral. Thirdly, it should damp down frivolous internal spending whim at once has feather=bedded the indolent manufacturer and aggravated our imports burden. Finally, it should divert labour to the essential exporting industrieSeee.
"It has always been claimed that a Labour Government, above all others, simply could not risk unemployment - that to do so would be political suicide. Now we have the spectacle of one being forced by dire national necessity tacitly to accépt it, whatever - ip-service is paid to a policy of Tredistributing’ labour. Were a General Blection held in the foreseeable
"At the same time, heady hopes are almost bound to buoy the market as the opinion pollsters chart the Government's waning star at precisely the time when it is taking the unpopular, but properly corrective measures from which a future Conservative Government could reap_ the benefite..."(our Cuphasis)
Everything that this journal and other sections of the left have been Saying is completely confirmed by this mouthpiece of the Citys The Labour Government is equating the interests of the City with those of the nation, the measures it is taking will ensure a Tory majority at the next election (it is Mr, Wilson and co. who are rocking the boat), and what is more these measures will help the Tories to keep themselves in power, The warning signs are clear, every possible effort must be made to ensure a change of course = no one can keep quiet without bearing a terrible responsiblity.