- the labor is soned by MONDAY SEPTEMBER 241984 alwavs taces tively COLONEY paths. disastrous Chile, result is, worse.
broken.
control that end in narrov economic terms, being the ability of society to control its entire economy Without na. then the fundamental decisions on investment and production continue to be taken on an anarchic basis controlled by profit and not Every programme of 'reflation' -and even the Bolsheviks did not start by nationalising everything on day one of the Russian revolution al DOlI crucial choice. When capital will not invest it either objectively or subjec(or both) sabotages the Inflation mounts economic disorder increases. There are then two paths — and only two Blackmail The first is that the 'socialist' government backs down before the blackmail of capital. This was the on different scales, of the Wilson and Callaghan governments in Britain, of Allende in of Mitterrand in France. The , at best, demoralisation of the working class and the rise of the radical and/or fascist right - as in Britain and France. If the development has gone further, as in Chile, the revenge of the capitalists will be far in any case the surrender to capital inevitably ends in disaster.
The second choice is that when the resistance of the capitalists starts it is The decisions are simply out of their hands (an event known as a socialist revolution for anyone who wants to consider it from a purely technical economic point o view!) And a capitalist who does not