manufacture: more meltdown
WORKERS, MARCH 2003 ISSUE
JOB LOSSES IN MANUFACTURING industry are haemorrhaging at a rate of some 10,000 a month. This is almost double the worst period under Thatcher. Bankruptcies are at a 20-year high. Industrial production is at a 20-year low. The country is being deluged with imports.
Labour’s hostility to industry is a continuation of Thatcher’s scorched earth policy against all manufacturing industry and all workers in industry. Britain will soon become an industrial nation without industry. Debate should not be about the potential collapse of the housing market or stock exchange lottery but the collapse of Britain’s ability to produce, the key threat to our future survival.