steice rise. cretary deflation in the wake of the rates soared for borrowers to repayments.
High interest rates also discouragseculators, who had been buying ears couee croor commodities ires') with money borrowed dirt Once the bubble burst, comity prices halved. The South now to sell twice as many coffee to make each aollar aue lor ament.
the same time, Tation hit the advanced economies an exocet. Industrial production unprecedented since Firms saw markets shrink and excapacity pile up.
collapse rebounded on the === 2*: show a return rom decided to practical give and first MICHAEL He was a very Catholic.
the savage they recognising like.
But somehow the thirinstitution what the boss is doing.
governBETTANEY landed a job with MI5 because his credentials seemed perfect.
all conventional, patriotic Oxford graduate who had been brought up a Roman To his recruiters he seemed to be the type of educated snide were looking for. More often than not, like is good at went wrong. After three years in Ireland where he got a front-line seat and could watch Britain's thugs run riot in an orgy of lies, frameup and murder he got a litte sour with his masters. But MIS is not the sort of To can quee its former members says: "The atmosphere of the service is right wing and reactionar ..?' Its exclusiveness and secrec! gives it a shared ethos that abhors criticisms of authority tradation. Its hidden and secret arrogance that makes them act like judge jury other peoples' lives. It is in fact a sinister conpiracy against the rights millions of ordinary peone and is accountable to no one- not even prime minister, never mind parliament.
It spies on trade unions, CND, political organisation and 'subversives' like the animal liberation league. It bugs trade union headpeoples homes.
When solicitors defend civil liberties victims, in Watergate style, it of organises break-ins of their ofpart of its repotoire. And as the Bettany case manipulates the courts and the juries.
His solicitors challenge the views expressed by prosecution documents he rule.
like Frame-up and murder are showed, weep no tears.
not that betray it. that the
fund drive THIS ISSUE of the paper launches the f50,000 fund drive because we need a new building for the paper. We know this is a tough target but if we are to do our job properly it's a project we have to take on. If we are going to go back to 16 pages we have to save money and that means moving to a more economical Once we get reorganising, improving and extending the paper.
Why Socialist Action?
The movement needs a paper that is written by, ana for, aclivists l its ranks. It needs a paper will work flat out to build the united action of those the anticapitalist struggle. This is the job of Socialist Action and this is why we have been pleased in the past few months to open our columns to people like Tony Benn, Peter Heathfield, Helen John, Joy Hurcombe, Ken Livingstone, David Blunkett, Joan nard, Anne Pettifor, Kay Sutcliffe, Peter Hain, Jack Collins, Ernest Mandel, John Harrison and Bernadette McAliskey.
Just have there we can start European politics. Articles ov Oliver MacDonald have analysed what's happening in castern curope and Ernest Mandel recently wrote on the division of Germany.
Closer to home we are quickly getting a reputation for giving maximum solidarity LOOSE fighting the Tories. We have carried extensive articles on Liverpool, the NGA and of course the where we have given four to pages coverage each week. We Call say quite confidently that we have unhesitatingly supported the antinice movemen o me heroic stand of the women Commor and our paper has been and how vigorously they fight for agreed policies like unilateralism.
Inus we have opened our pages 1o the left for a debate on policy and strategy. This is why next week we will be carrying a special eight-page interview with Tony Benn on these two matters.
Fund Drive This is not just an extra. It's desperately needed if we are to stay in business That's why we ask you to either Make one-ott donation amount each week pledge regular or month. The latter is best done bv tilling in the standing order form on this page. Sellers of the paper should ask their readers to add a bit of money to the they pay when they buy it Another way yuu can help financially is by taking out a subscription because that makes Sult you get it regularly and it makes Sure WC guaranteed income.
Big prizes on offer We intend to run fund raising activities nationally locally. These will range from socials, parjumble sales to more ambitious schemes like sponsored runs, draws for CaSI prizes jewel in the crown first prize which 1 gives you a nonaay Cone of the world's hot spots like CuDd Then there are all those schemes that OUI readers will come up with that we want to know about. So write in and give us your fund-raising ideas as well as some of your money.
Target There's our target. £50,000. Let's go out and smash it. Start now to take us over the top of that amount and on to a nev building and a bigger and even better paper. Which type of building will we have? It's up to you. Socialist Action 27 April 1984