New recruit for Keynes

PRESIDENT Nixon may adopt 'New Deal' policies to cope with the growing Us unemployment and economic recession.

Widespread speculation along these lines follows his statement after a broadcast interview that I am now a Keynesian in economics'.

On the lips of a Republican president this remark sounds like a Christian saying 'All things considered I think Mohammed was right'.

Nixon wants to win the 1972 presidential election and must bring down the present 6 per cent unemployment level in order to do so.

Traditional Republican policy has been to reduce inflation by holding down public spending.

But during his television interview, Nixon said would rely in future on an expansionist economy and deficit financing — as posed by the British economist Lord Keynes.

Keynes, who died in 1946, advocated large public spending to prevent the growth of unemployment and stimulate the expansion of privately-owned industry.

TVA SCHEME His theories formed the basis of Franklin D. Roosevelt's 'New Deal' policies in the 1930s, when millions of dollars were poured into government schemes like the Tennessee Valley Authority to drag : the economy out of slump and set US capitalism back on its feet.

At that time US capitalism was strengthened by the complete prostration of the European working class.

Roosevelt took office in the same year as Hitler's accession to power in Germany and the next year saw the military crushing of the workers of Vienna.

Nor has Nixon acquired Roosevelt's astute handling of the opportunist US labour leaders, which played a big part in the carrying through of the 'New Deal.

In the 1930s, US recovery based itself on European misery. This is a thousand times more applicable today.

In so far as Nixon operates ALL TRADES MEETINGS SHED Fredand Honde. Nursery Nature of ibe ALF in Sheffield".

Miners and the Charter of Basic ASTLEFOKD, Saturday, January! Hinchelle Gia houston Corried Prank Mccabe (orodorth Colliery: 02 800 Sup in Speaker: di Barker (Ollerton Colliery).

Come to Alexandra Palace!

Force the Tories to resign! BUT ABU to, the Dani LUTON: Teesday, WEST LONDON: Walaced /ibert, Balfe St, NWI.

DAGENHAM: Tharsday, January New Rd.:". Marsh Green School, 50, T. Shop Hand, 47-31, Bal ham High Rd.

ACTON Means Hall, Percher d. Wi mary Festival Chrisp St Market, E.14.

WILLESDEN: Thursday, January 21, 8 p.ra. Fishermen's Arms, Old Lane, nr Willesden Junction Station, N.W.10.

SLOUGH: 8 p.s. Se Goode Cures Hall: Long Furlongs Drive, Britwell Eastate.

week, was right to criticize a succession of governments for consistently refusing the money to combat the epidemic by prolonged action, says the BMJ.

WORKERS at the two Clydeside shipbuilding yards of UCS and Yarrows will strike against the anti-union laws next Tuesday-the TUC's day of protest against the Industrial Relations Bill.

At Wednesday's meeting of the Glasgow Trades Council a call for a demonstration against the Bill on Tuesday was not supported by Communist Party members. One of their delegates in the National Union of Railwaymen said that meetings after working hours should take place, which is TUC policy.

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