CP blame workers for racialism

RELATIONS conference backed by the revisionists in THE RACE Birmingham at the weekend played straight into the hands of the right wing.

At the very intensifying th conference was consciousness.

Speakers from the Communist Party and the International Socialism Group in particular jumped in with both feet with revelations about the 'hopelessness' of the fight.

The central clash in the profoundly anti-working class one-day debate came on the question of whether black workers should form a ginger group in the trade unions.

Conference organizers, the Mansfield Hosiery Mills Strike Committee, heavily influenced by IS supporter Bennie Bunsee, thought they should.

Committee chairman Mr Jayanti Naik said they were opposed to a separate black trade union, but he said that a black caucus was needed in the unions to force them to fight for the interests of coloured workers.

In the discussion which erupted after the main speakers had finished, the need for a black separatist organization was quickly extended from blaming trade union leaders to blaming the entire white working class.

It is as much nonsense to talk about clashes between white and Slater Walker: New Tory scandal?

THE SLATER WALKER takeover of merchant bankers, Hill Samuel, has been thrown into jeopardy by disclosures in yesterday's 'Sunday Times'.

The paper's City staff has issued a series of warnings about the state of the Slater Walker empire. The revelations are so serious that it is difficult to see the government avoiding a special Department of Trade and Industry inquiry-except that the Trade and Industry Secretary is Peter Walker, one of the founding partners of Slater Walker Securities.

It means, however, that the Tories are saddled with yet another scandal, hot on the heels of Poulson (Reginald Maudling), Lonrho (Duncan Sandys and Edward du Cann), the Lambton-Jellicoe affair and Lord Polwarth's close business interests in the North Sea boom.

The City editor of the 'Sunday Times', Graham Searjeant, and Lorana Sullivan, formerly of the 'Wall Street Journal', make these observations:

'More than a year ago, we warned of the dangers of a system where Slater Walker's dealing in shares dominated by Slater Walker produced a major All Trades Unions Alliance Conference: To discuss defence of democratic rights BELLE VUE resign!

Kings Hall: Belle Vue Zoo Park: Manchester-Sunday July 1: 3 p.m.-9 p.m. Special showing of the Pageant film 'THE ROAD TO WORKERS POWER' and songs and scenes from history moment the National Front and eir campaign against immigrant told white workers were racialist and w Bennie Bunsee... for a ginger group in unions. black workers on the shop floor without mentioning the capitalist crisis as it is to discuss the problem of Catholics and Protestants in Northern Ireland.

Yet at no time during the five-hour conference was the crisis even referred to.

Struggling to live against a storm of rising prices and working alongside the spectre of unemployment, lack of leadership from either the trade unions or the Labour Party drives some workers to a fierce but backward defence of their jobs and conditions against all-comers. part of its profits, while at the same time the price of some of those shares, inevitably influenced by the dealings, constitutes a major part of its assets. This has not stopped.

*Since then, the world-wide operations of Slater Walker have become immensely more complex, particularly in the Far East. Even senior Slater Walker executives find great dithculty in keeping up with them. In parts of the empire, indeed, subsidiaries of Slater Walker companies tend to appear and disappear at will.

'In journeys abroad to Slater Walker companies in Hong Kong, Tickets £1: Available from R. Smith, Wellington Street West, Salford 7, Manchester. Powell are 500-strong ak in class Mike Cooley . . . workers don't understand class.

The central question in politics today is to understand the crisis and the effect of the traditional labour leadership's reformism and to struggle to build a new revolutionary Marxist leadership capable of uniting black and white workers in the fight against the common enemy.

Bunsee criticized the trade union leaders-but exclusively in the context of their backing for white workers he claimed were riddled with racism and supporters of the National Front and Enoch Powell.

His speech was cue Slater .. . Adratilatara Singapore, Australia, Fiji, America and Canada, we have collected hundreds of documents and amassed quantities of information about how Slater Walker operates.

In examining some of these activities, we have found further disturbing evidence that . the profits and assets of the group are more than usually interrelated and, in fact, significantly depend on the switching of major assets from one part of the group to another. Stalinists and the revisionists to ignore the crisis, brush aside the question of building a revolutionary party and concentrate instead on hammering the working class.

'Left winger and ex-TASS said Wripses emperism Cooled trained workers to despise coloured people.

He said: "The working class did not understand then and they don't understand now that it is not colour that matters, but class.

•Unless tne working class can 6T T.. 1_-free itself from the cancerous philosophy of racialism, it will never be able to free itself from this economic system?

The delegate from the London district of the Communist Party said a campaign against racialism throughout the labour movement was needed urgently.

He said: 'Forces are coming into struggle which we will ignore at our peril. There have been bombings all over south London. The working class weak, but it is the only working class we have. We have got to inspire the labour movement.' AUEW assistant general secretary Mr Ernie Roberts said Walker... Minister *Apparently randomly-applied accounting treatment can thus make significant differences in the balance sheet and profit and loss accounts of the group.

"At the same time, the information available to shareholders in the disparate parts of this farflung empire has, in some areas, sharply diminished, and in many more become impossible to understand.

'Certainly, few people reading the group accounts of Slater Walker Securities and the limited racism could only be fought through the TUC and the Labour But he added: 'The TUC is unfortunately a reflection of our movement. The TUC has a job to do and it is not doing it. It can only be made to do it as result of pressure from below, a Winston Pinder of the RInk Workers' Co-ordinating tee accused white workers being two-faced. He said: "The same people who link hands with you on the picket line are voting for the National Front.' Some groups of immigrant workers without traditions of class or trade union organization fall into the trap of blaming white workers for the plight they find themselves in when in reality it is the collaborationist policies of the trade union leaders that pave the way for racialism.

Instead of fighting that viewpoint the Birmingham conference can only deepen it and intensify the resentment of white workers.

The capitalists will use racialism to divide the working class, but unity between white and black workers will only be achieved through the building of the revolutionary party to put an end to their vicious system. information contained in its offer document for Hill Samuel could grasp the full nature of the group's operations.

'We give some examples of unusual happenings and worrying gaps which may cause shareholders of Hill Samuel to question whether they should become involved at all.' Although the 'Sunday Times' article is written from the standpoint of 'advice to the investor', its implications go way beyond this narrow question.

It has long been true that Slater Walker has optimized its asset value by massaging its share market prices and by upvaluation of its property assets.

If this form of business practice and accounting is now being attacked, then a section of the City has clearly decided to lower the boom on the money manipulators.

In recent weeks the share price in Slater Walker has fallen from 170p to 157p. When the markets open today it must be expected that a further fall will occur.

And if Slater Walker starts to slide, who will it take along?

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