Challenge of employee shareholding

In their competition with Russia for technical achievement, and in their efforts to raise living standards, Western nations are handicapped by the continuing struggle between the forces of " capital and labour." The repeated battles over how to divide the national cake are the main cause of the West's in ability to carry through a programme of rapid expansion and technical development without inflation. No agreement is possible on how to meet the cost of technical progress, for each of the opposing forces is, at least in the eyes of the other, trying

to off-shoulder the burden. We thus have the paradox that the Russian system of Sputnik Slavery seems to show up to advantage. The centrali sation of resources has made rapid technical progress a reality. Thus the grave defects of a centralised system are masked.

This book is concerned to demonstrate a practical means by which the gap between capital and labour in the Western world may be closed, so that the present major handicap to technical and industrial progress may be removed, and the real advantages of the Western way of life allowed to speak for themselves.