International Marxist Group Archive

Magazines, bulletins and booklets of the IMG and its forerunners, 1961–1984

The Froth on Neo-capit-lism

The Week Vol. 6, No. 6, 24 August 1966 · p. 6 of the scan · 435 words

The scan: The Week v6 no6-7.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the issue's contents list (match 0.98).

(Continued)

Having in fact provided a striking condemn tion of this industry, the. Commissicrs conclusions & recommendations turn out to be as limp as.a wet lettuce leaf. It thinks that price regulation vould not be desirable, but _ that selling expenses in excess of an approved percentage of net wholesale turnover should be disallowed for tax purpoSes, and that the Board of — should continue to keep a watch on prices. Such weak recommentations, following the indictment are only to be expected from a body which works within the framework of monopoly capitalism. Such a body is faced with an insoluble problem,for it cannot step outside the bounds of capitalist society. Moreover, since it looks at these industries separately, it cannot provide an oversll solution to the problems that are essentially ones not of individual industries, but of a whole system.. For socialists the problem is not how to curb monopolies, nor try to return to a more competitive society, since monopolies ate the logical outcome of competition. ‘Wheat such reports should do is to provide us with the ammunition to fight and supplent such a wasteful, crazy system. Consumer control and choice need not be mediated by plastic tulips, and T.V. bilge, there is another way. The social ownership and control of industry via workers' control and socialist planning would soon relieve the scum that floats beneath the nec-capitalist society.

Poe Gar Oey cea) We a ay PR ee Ree Oe a ek ee ee ee Gt a SO Me ee ee Ee ee fe eet Ye Se a ek Me a ee AN URGENT ANNOUNCEMENT AN URGENT ANU OQUNCEMENT With this issue of The Week, we end our summer schedule. We resume weekly appearances, But we are sorry to say, that in doing so, we are straining every financial nerve. It is only because just prior to the Labour Party Conference in the context ofrising fury at the Government's reactionary policies, we feel that we are needed, that we do not extend our fortnightly schedule for another month. We need money, and we need it badly. WE NEED DONATIONS AND WE NEED RENEWALS OF SUBSCRIPTIONS. Although we greatly regret this, our financial position is such that we shall have to cut short cvery edge of our mailing list: we simply cannot afford to send out 3 or 4 hundred unpaid subscriptions. 4S FROM NEXT WEEK, IF YOU OWE US ANY MONEY, WE RE VERY SORY BUT YOU WON'T GET THE Ps PER, 250 OF OUR WORST OFTENDER 2S HAVE ALREADY BEEN CUT OUT THI WEEK. WE HATE DOING IT, BUT HAVE NO sLTERNATIVE,

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