3c-k lose no sleep

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omy, the labour bureaucrats are committed to a utopian and reactionary attempt to "plan" the existing capitalist economy.

As workers know to their cost, the reality of the so-called "mixed" economy is Rates: £5 for three months, £8.75 for six months, and £!! for a year.

Bundle of five each week: £12 for three months.

Bundle of 10: £21 for three months.

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To: Socialist Organiser, 28 Middle Lane, London N8 8PL.

The set-piece event of this council would be an annual "national economic assessment" • Then armed with sheafs of dubious statistics, the Planning Department would offer its "agreed development WHEN David Steel fixed up the Lib-Lab pact in 1978, he jubilantly told the press that now "the banks could sleep at night"

In fact, Dennis Healey, at the Exchequer was doing quite well at reassuring the banks without any Liberal help.

But will it be different next time? Next time, will a Labour government repres ent a real threat to the millions of finance capital? On Monday 12th the Labour home policy committee adopted proposals for the nationalisation of the four main clearing banks - Batclays, the Midland, National Westminster, and Lloyds.

However, the bankers' daily, the Financial Times, was unalarmed. It carried the news as a small inside-page article, obviously believing that the policy had no chance of being put into practice.

And of course the FT will be right if the witchhunters get their way. If the lid is put on the movement to transform and democratise the Labour Party, then the policy's chances of making its way through all the hurdles of NEC, conference, programme, manifesto, and implementation, are nil But without the nationalisation and unification of the banks - not just the top four - and the other financial institutions, talk of socialist economic mcasures is mere chatter. Let's beat back the witch-hunters and prove the FT wrong! banks from this man?

The new document embodies all of the reactionary elements of the last Labour government which helped animate the struggles within the Party for democracy, accountability and alternative socialist policies. 'Social Contract Il' is just as horrific as its predeces. sor, It is up to the rank and file the unions and Labour Party to ensure I becomes an immediate box office disaster. 40p plus postage from Socialist Organiser, 28 Middle Lane, London: N8

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