In January 1958 economic indicators showed that a slump was under way. Ted Grant explained the laws that showed the inevitability of boom and slump cycles under capitalism and called the Labour leaders to prepare a plan of action against the crisis, adding that “all capitalist measures could only be at the expense of the working class and, even if successful, could only prepare the way, at a new stage, for an even worse slump.”

Read full article in the Ted Grant Archive.