Inflation in Saigon | IMG Archive

The scan: The Week v5 no7.pdf (PDF, Marxists Internet Archive, opens at this page)

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From John Weavers The following has been extracted from an articld by Michael Wall which apaeeres in the Guardian of lOth February: "..eeloday, the most pressing problem facing the Vietnamese Government ard the Americans is the terrifying inflationary spiral, In Saigon it has been estimated that, excluding rice and sugar, the price of foodstuffs nas risen almost 95% since Jamary 1, In cities outside Saigon the rises have been even greater, "Salaries of Government officials, office workers, ami the armed services have not risen, and there is increasing bitterness against the Government for its inability to do anything, and against the American preserce, which is blamed for the price rises. Unless some drastic action is taken, inflation rather the Vietcong activity could lose the war, Alone, it can sap the will to fight." Of course, if there is any movement by the workers to put right their grievances it will be blamed upon subversion from the North.