New Socialist Business Values

For Industrial Resurgence

Front Cover
Robert Corfe
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£17.99, US$28.80, €25.70
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About The Author

The author, who has considerable practical experience as a Labour party activist, sets out to re-establish the concept of Socialism as a vision for the future. But the forward-looking view of New Socialism needs to be very different from the old. The transformation of society over the past sixty years means that old doctrines have to be replaced by new if Socialism is it to be made attractive to the modern man or woman.

About The Book

This is the third of three ground-breaking studies on the philosophy of New Socialism by Robert Corfe.

If Socialism or Labour administrations are to be assured repeated electoral gains, and not encounter defeat, as so often in the past, through the failure of economic policies, then a high priority must be given to ensuring the business or industrial success of the real or job-creating economy. This book is concerned with those conditions necessary for regenerating the productive sector, particularly manufacturing and the primary industries.

It is interesting that the author is able to identify desirable competition, efficiency, and the maximising of market share, with the needs of justice and equity in the workplace. An enterprise in the modern world which fails to carry forward the full commitment of its employees is seldom destined for long-term success.

But business in the decades ahead will be faced by problems of a magnitude which did not confront earlier generations. Community interests and environmental threats will call for intervention on a scale demanding much closer co-operation between government and business.

The author argues, from the perspective of his long experience in industry, that New Socialism alone is likely to have the vision, intelligence, and tact, required in integrating the conflicting demands between the market, capital, labour, and the environment. For example, whilst in the past economic thinking has always emphasised the need to increase quantity of output, in the future the emphasis is likely to be on quality. The problems of the Third World with regard to productivity and employment are given special attention. There is criticism of the failure of existing international institutions, and some detail is given to the need for empowering the hidden or dead capital of the poor.

Whilst in earlier books Corfe analysed the macro-economic foundations for New Socialism, in this he outlines practical proposals for ensuring great efficiency, and describes the structures which need to be put in place in liaising between business and government for greater prosperity.