wages and public expenditure, i.e. automatic increases to offset any increase in prices. demand is absolutely central for any socialist economic plan.
Work-sharing with no loss of pay nationalisation of all firms creating redundancy: While higher wages and a programme of public works will increase demand and beg to cut back the slump, they will take some time to work through the economy. Until th occurs, employment must be protected. This means a shortening of the working week work-sharing - and the taking into public o ership of any firm which declares bankruptcy or redundancies.
This will require immediate nationalisatio of a number of industries already severely hit - for example construction and cars. The fir ance to run these industries will be generated through the taxation increases, through the e pansion of the economy, and by the cuts in defence expenditure Work-sharing must obviously be with no l of pay, both because the working class shoul not pay the price of the capitalist crisis, and so that no cuts in demand are made in the ec onomy.
6. State monopoly