Economic Crisis

Abstract

The word 'crisis' is one of the most overworked in the socialist dictionary. It has come to convey less and less with the passing of the years. But it is difficult to avoid using the term to describe the present economic and political conjuncture in Britain. That is to say it is difficult to see how the problems of the British economy can be resolved without either a fundamental change in the system or in the political assumptions about the system shared by both governments and organised labour since the 1930s.