and dragged the name of socialism in the mud.
Let's look at the record.
*The balance of power and wealth: Between 1974 and 1977 real earnings fell by seven per COLL the same period dividends rose by four per cent faster than the increase in the cost of living.
Also in the same period the government transferred over six billion pounds to private industry in handouts, twice the previous rate and two thirds of the total fixed investment by industry.
This was taken directly from the working class in the form of cuts and increased taxation. Leaving the SCUES aside a moment, personal taxation grew from 38.8 per cent to 46.6 per cent, whilst corporate taxes fell from 6.4 per cent to 4.6 per *Poverty: week Child Poverty Action Group reported that the number of children living on the poverty DO you remember 1974? That was the year this like a hollow mockery today. Not one of its pledges have been honoured. In betraying its promises, the government has demoralised the labour movement line grew 500,000. Nearly people live at or below the supplementary benefit level.
*Accountability of industry:
The Labour government concluded precisely one planning agreement UK Stockbrokers Greenwell Co. said in their Report: *Participation agreements have turned out a bit like the Cheshire Cat. The socialist body has disappeared, leaving only grin on the face of Harold Lever' *Economic equality: In 1976 the top per cent population owned 46.2 per cent of the wealth -more than in 1974. The bottom 50 per cent of the population the owned 5.6 percent quarters of what they owned in 1974.
The top 10 percent of the private industry now adminispopulation have income as the bottom 50 per cent.
*Employment: In February 1974 ofticial was 545,000. for 1979 put unemployment at *Housing: building workers unemploved, housing starts fell from 351,000 In 19 z lo 26,000 Average house prices doub5,000,000 led in the same period; public spending on housing halved.
*Education: Between March 1975 and March government cut capital spending by 3u per cent. with Chrysler unemployment now stands at an estimated 66,000. Labour Education Minister 1977 Oil Williams has stated that at least have to be employed simply to implement existing agreements on class size.
health ma Salon WaCC three-quarters of all hospital beds are in pre-1918 hospitals, and. only hospitals have been built since three per cent the war, imposed cuts of nearly 30 per cent in hospital spending.
It has forced local authorities through its cash limits. the 'free-market' fanatics do not fit the real needs of modern big business. Much government spending today on education, housing and bransport, is e necessary subsidy overhead costs of much unemployment The last figures 200,000 267,000 in 1977.
1977 the Teachers' Shirley would health out 2300 unemployment 70,000. the government has The appalling capital outside the HOVCHICH numerous hospitals workers.
The _onrases mn ditched as last time, crisis.
modern shows that the trade Promises: promises enlisted. *It is indeed our intention to:
their families; b] to fight poverty abroad;
workers and the community at large;
wealth, and the community at large; e] work and spend their leisure...
democrate brocess workers' union, nursing Culllate arounc disagree implemented.
for results were control of The fine-sounding 1974 CHU SLaLC alter a further six or seven years of Big business too is less willing to pay the price of consensus if mounting industrial unrest union bureaucracy cannot deliver its "THE AIMS we set out in this manifesto are Socialist aims, and we are proud of the word. It is only by setting our aims high, even amid the hazards of our present economic situation, that the idealism and high intelligence of our young people can be a] Bring about a fundamental and irreversible shift in the balance of power and wealth in favour of working people and eliminate poverty wherever it exists in Britain, and commit ourselves to a substantial increase in our contribution make power in industry genuinely accountable to the achieve far greater economic equality — in income, increase social equality by giving far greater importance to full employment, housing, education and social benefits;
improve the environment in which our people live and 'This preliminary manifesto, drawing upon the new policy statements which the Labour Party has discussed by its over the last three years, sets out the specific numbered pledges which the next Labour government will seek with all its strength to carry out in a single parliament.
LABOUR PARTY MANIFESTO, February 1974 which no revolutionary would could have been They were not implemented because the government made a political choice. It chose not to race ine consequences or a ngu for its policies: a break with the capitalists and their economy In future issues, we shall show how many of the policies in Labour's programme promoting working class interests could been achieved through a full-scale mobilisation of the working class to impose them And we'll the government backed down.
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government began. In January 1974, in the wake of Edward Heath's defeat at the miners' hands, the working people of Britain had the capitalist class in Labour came to power on a programme which reads