Ted Grant’s observed in 1972 that the introduction of laser technology had the potential to save millions of lives and also develop new fields in energy transfer, telecommunications, etc., but it also magnified the potential for weapons of mass destruction in the nuclear arms race. Capitalism and Stalinism revealed how they had become fetters on the rational development of human civilisation.

In the autumn of 1972 rising profits together with record unemployment figures, revealed the parasitic character of the British ruling class. With wages increasingly undermined by rising prices Ted Grant pointed out that the pressure from the workers to resist against this erosion was resulting in sharper class struggle. The bosses were not keen on concessions in spite of rising profits because “…profit is the unpaid labour of the working class. If the share of the workers is cut the share of the capitalists rises.”

In 1972 the Stalinist regime in Czechoslovakia arrested two dissidents. The British Communist Party was forced to “protest” against these actions but made no attempt to analyse why crackdowns on dissent continued to happen under “socialism”. Ted Grant explained that repression under the Stalinist regimes was to defend the privileges of the bureaucracy.

In 1971 in Britain, unemployment soared as a consequence of the world crisis. Ted Grant looked at the proposals that left and right-wing Labour leaders advanced and exposed the inability of both to come up with a viable and socialist alternative to the crisis.

In Britain, in 1972 a miner’s strike was provoked by the Tory government. Ted Grant called on the trade union movement and the entire working class to rally behind the miners to beat back the Conservative government. He gave examples of worker solidarity in contrast to the pusillanimous approach of the TUC leaders.

At the end of 1971, a war between Pakistan and India broke out. The Chinese-Russian conflict manifested itself in world politics through this proxy war, in which China supported the theocratic-military-police state of Pakistan and Russia supported the capitalist-landlord clique in India. Ted Grant exposed the manoeuvres of the Stalinists (of both the Chinese and Russian variations) as well as the role of what he called the dis-United Nations.

In 1971, the Tory government was on the offensive against the working class, which included the infamous Industrial Relations Act. At the same they announced a whole series of concessions to the capitalists, while at the same attacking social services and other reforms that had been by the working class through years of struggle. Ted Grant pointed out that all this should be fought with an alternative class policy by the Labour leaders.

In 1971, the crisis of world capitalism had manifested itself in a currency crisis of unprecedented proportions and the suspension of the convertibility of dollars into gold, the final blow to the world monetary system that had been established by the post-war Bretton-Woods agreement. Ted Grant explained the basis for this crisis was to be found in the deteriorating position of US capitalism and its attempt to export its balance of payments problems to its rivals.

In 1970, Ted Grant exposed the move to de-nationalise public assets by the Conservatives and proved that the nationalised industries, despite their bureaucratisation as a result of the lack of workers’ control, were more efficient than private industries.

In May 1972 an attempt by the right-wing trade union leaders to bow under the Industrial Relations Act was fiercely opposed by the rank and file. As Ted Grant pointed out, exposing the cowardly actions of these trade union leaders, “Unjust laws passed by Westminster at the behest of the enemy class are not worth anything when weighed against the power of the organised labour movement. The jails are not big enough or strong enough to contain the workers who will resist, if a lead is given.”

In February 1972 the Tory government led by Edward Heath provoked a major confrontation with the miners, who were tired of seeing their salaries squeezed by rising prices. “This government of capitalist perfidy, malice, stupidity, cruelty, incompetence and greed for gain, must be brought down”, commented Ted Grant.

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