Table of Contents

CONTENTS; Preface page - iv; PART I; Introduction page - 1; REDEFINING THE BENEFITS OF FREE TRADE; CHAPTER 1; Why The Business Community Should Be Committed To Social Capitalism; 1 - Business people and Social Capitalism; 2 - Intervention rather than laissez-faire is the road to freedom; 3 - The modern state promotes business; 4 - Laissez-faire is today only relevant to giant corporations; 5 - Industrial issues broaden to embrace human issues; 6 - The perspective of an export manager; 7 - Towards the politicisation of industry; 8 - Bifurcation of capitalism first identified as a political issue; 9 - Foundation of the CFI; 10 - The secret opposition; 11 - Why the organisation failed; 12 - Why industry should be linked to Social Capitalism; 13 - The need to identify benign and malign capitalism; CHAPTER 2; The Political Threat of Global Capitalism; 1 - Global capitalism and the impotence of Productive business; 2 - Rentier capitalism is without responsibility or controls; 3 - All are subordinated to its unpredictability; 4 - Injustice of the threat to living standards; 5 - Onslaught on the idea of the nation state; CHAPTER 3; How The Nation State Defines The Democratic Community; 1 - Comparison between economic power blocs, devolved states, and emerging nations; 2 - Nation state a more successful political community than the devolved province or the greater federation; 3 - Why this is so; 4 - Governmental supranational democracy has hitherto been unworkable; 5 - Organised nation states alone capable of confronting global capitalism; CHAPTER 4; Creating Free Trade For The Majority; 1 - Need for national economic autonomy but risks to be avoided; 2 - Need for self-sufficiency and less world trade; 3 - Democratising the structure of world trade. 4 - Creating free trade for majority interests; CHAPTER 5; Internal Capitalisation In The Third World; 1 - In avoiding exploitation Third World countries should raise their own capital internally; 2 - Dead capital of the poor in the Third World; 3 - Vulnerability of the affluent in such societies; 4 - Legal structures necessary for releasing dead capital; 5 - Integrating the legal and extra-legal economies for prosperity; CHAPTER 6; Competition and Protection; 1 - Globalisation has intensified labour competition; 2 - And undermined conditions of employment; 3 - Work should be a pleasurable activity; 4 - The problem of price competition can only be resolved through new trading relationships; 5 - Internal pressures bring instability to capitalist societies; 6 - Price competition will bankrupt the advanced economies; CHAPTER 7; How Environmental Issues Will Change Industrial Policy; 1 - How workaholism leads to philistinism; 2 - Balancing work with the other needs of life; 3 - Competition necessary but needs to be moderated; 4 - Environmental politics will eventually sideline global capitalism; 5 - Towards a Federation of Equal Autonomous States; 6 - Meeting the challenge of environmental change; PART II; Introduction page - 85; STRATEGIES FOR NATIONAL PROSPERITY; CHAPTER 8; Productivity Defined; 1 - Wealth creation a priority over distribution; 2 - Need for qualifying employment policies; 3 - Misuse of the term "Productivity"; 4 - End of the Keynesian era; 5 - Limitations of the service sector; 6 - Productivity for the future; CHAPTER 9; The Bane of Rentier Capitalism; 1 - Toryism and the City; 2 - No capital for productivity; 3 - Money for land and property; 4 - Automation and fuller employment; 5 - Where jobs will be found in the future. CHAPTER 10; The Meaning of Wealth Creation; 1 - Capital resources no criterion of national prosperity; 2 - Labour + Capital = National Wealth; 3 - Illusion of the leisure society; 4 - Rentier capitalism defined; 5 - The City versus productive wealth 6 - Personalisation policies; CHAPTER 11; The Pursuit of Business For Its Own Sake; 1 - The industrial sector as a place of conflict; 2 - Need for a unifying idea; 3 - An objective approach to business; 4 - Vested interests of employees; 5 - Vested interests of employers; 6 - Triumph of rentier over productive interests; CHAPTER 12; Identifying The Right Objectives; 1 - Definition of business for its own sake; 2 - The need for maximising market share; 3 - How British industry surrendered market share for higher profits and lost both; 4 - Laissez-faire versus national interests; 5 - Profitability: Real and Illusive; 6 - How British business chose the road to self-delusion; CHAPTER 13; Ownership As A Stewardship; 1 - A higher purpose than vested interests; 2 - As a contribution towards a happier environment; 3 - Building a bridge of trust between employers and workers; 4 - Inefficiency of the hire and fire management approach; 5 - Injustice of subjective malice; 6 - The question of Masonic privilege; 7 - Futility of Whizzkiddery; CHAPTER 14; Industrial Democracy And Worker Investment; 1 - Need for more open management; 2 - Co-determination; 3 - Repudiating the representation of vested interests; 4 - Prime argument for democracy: To achieve industrial effectiveness; 5 - A united front against rentier interests; 6 - Enhancing the quality of senior management; 7 - Cynicism of contemporary industrial attitudes; 8 - How divide and rule serves the interests of rentier capitalism; 9 - The one danger to industrial democracy; 10 - Part-ownership as the seal for employee commitment; 11 - Profits and earnings: An open book for all; 12 - Two circumstances justified in circumscribing open management; CHAPTER 15; Government Policies For Industry; 1 - Ensuring that industry serves the community; 2 - The imperative for intervention; 3 - Repudiating selectivity in the manufacturing sector; 4 - How selectivity would reduce manufacturing to zero. CHAPTER 16; A New Investment Source For Productivity; 1 - Utilising the high street banks; 2 - Need for a Young Turk revolution to achieve this; 3 - Difference between bank and accountancy financial direction in the management of business; 4 - Total inadequacy of the British banks; 5 - Comparison between rentier and productive capitalist economies in practice; CHAPTER 17; Creative Intervention And The Business Adviser; 1 - Failure of contemporary capitalism; 2 - Limited effectiveness of the DTI; 3 - Need for a liaising function between the DTI and Industry; 4 - Scope of the Business Advisers; 5 - Why British industry needs external assistance; CHAPTER 18; Monopoly Versus Efficiency; 1 - Monopoly is intrinsic to Britain; 2 - How it sacrifices productive to rentier interests; 3 - Why the foreign productive enterprise is forced to meet marketing realities; 4 - American business methods and American failure; 5 - The question of international conglomerates; 6 - An international currency: A bane or benefit?; 7 - The hidden imperialism; 8 - Our place in a wider world; PART III; Introduction page - 165; JOB CREATION FOR SOCIAL WEALTH; CHAPTER 19; Social And Unsocial Wealth Creation; 1 - The new economic divide in society; 2 - The scourge of unemployment is no respecter of class; 3 - Unemployment today stems from profounder causes than those of the 1930s; 4 - The employed classes share a common identity; 5 - To whom these chapters are addressed; 6 - The first and subsidiary economic functions of employment; 7 - Socially wealth creating labour defined; 8 - Unsocial wealth creation defined; 9 - Conditions favourable to socially wealth creative activity; 10 - Unsocial wealth creation a product of rentier capitalism; CHAPTER 20; How Industry And Jobs Are Undermined; 1 - How the rentier economy undermines productivity; 2 - Seductive attractions of the City of London; 3 - But the City is not concerned with domestic productivity; 4 - Complacency of financiers in the face of this; 5 - All industry's problems traceable to under-investment. 6 - Productive capitalism is socially desirable; 7 - And job-creating; 8 - Rentier capitalism is the single factor undermining the British economy; CHAPTER 21; How Rentier Business Practices Destroy Productivity; 1 - The destructive logic of rentier business management; 2 - Rentier principles of conglomerates; 3 - How a manufacturing enterprise may be ruined by "streamlining"; 4 - Pure financial profit the sole criterion of rentier capitalism; 5 - The two systems of capitalism generate contrasting mental attitudes; 6 - The employed classes must fight for a productive economy; CHAPTER 22; Political Alignments Fail To Reflect Economic Realities; 1 - Unemployment is no respecter of occupational status; 2 - Old political myths mask the new economic realities; 3 - Bankruptcy of Tory ideals; 4 - Bankruptcy of Old Socialist ideals; 5 - Ideals of the old parties no longer match new social conditions; 6 - Those supporting the productive economy versus the rentier economy could form the basis for a new political divide; 7 - Those promoting the rentier economy; 8 - Careful discrimination needed in defining the rentier economy; 9 - Government in desperation puts its trust in rentier activity; 10 - The need to professionalise and licence financial services; 11 - Myopia of those promoting the rentier economy; 12 - Distinction between Socialism and productive capitalism; 13 - The evils of traditional capitalism may be eschewed through abolishing rentier activity; CHAPTER 23; Scale of The Damaging Rentier Economy; 1 - The pragmatic Socialist and the pragmatic Tory may support our doctrine; 2 - Rentier capitalism has been more destructive than Hitler's bombs; 3 - The need to apportion blame; 4 - The Treasury and the Bank of England are tools of a greater power; CHAPTER 24; The Monster That Turned On Productivity; 1 - Impotence of politicians; 2 - How the productive economy was felled by the City; 3 - Origin of our decline; 4 - Achilles heel of the British economy; 5 - The Frankenstein monster which turned against productivity; CHAPTER 25; Where Blame Must Lie; 1 - Problems of the rentier economy compounded by monopoly; 2 - Vulnerability of the merged firm. 3 - Little hope of persuading corporate industrial leaders to effect necessary reforms; 4 - All blame must come down to individuals; 5 - Blame must be put on the rentier class for our declining economy; 6 - Myths of Socialism convenient in hiding rentier activity; 7 - How British Socialism is forcing productive capitalists into the rentier camp; 8 - How governments of both parties have unwittingly promoted the rentier economy; 9 - How they both supported the job-destroying activities of the 1960s.; CHAPTER 26; Rentier Versus Productive Capitalism; 1 - Oppression of the productive classes; 2 - Evils of class retrenchment exacerbated by economic pressures; 3 - Why industrialists and others live in fear of proclaiming the truth; 4 - Why private and public views of academics may differ; 5 - Those most likely to support the productive economy; 6 - How rentier capitalism has given rise to low-wealth creating forms of employment; 7 - Required conditions for a modernised industrial infrastructure; CHAPTER 27; Occupational Priorities According To Productivity; 1 - Need for a priority listing of occupations according to their productive profitability; 2 - This needed in countering the rentier economy; 3 - Priority listing of occupations: I Productively profitable employment; 4 - II Essential services employment; 5 - III Administrative and non-profitable employment; CHAPTER 28; Money-Power In Britain Greater Than Elsewhere; 1 - Need to pursue national policies benefiting the majority; 2 - British governments have never achieved this in peace time; 3 - Rentier interests of the merchant banks; 4 - Their influence through other City institutions; 5 - Why money-power has been greater in Britain than elsewhere; 6 - Britain's undefinable constitution a fertile soil for the ulterior machinations of rentier activity; 7 - The guilt of the Treasury; CHAPTER 29; Our Competitors Put Productivity First; 1 - How our financial institutions have unwittingly undermined the economy; 2 - The beneficiaries of the rentier economy; 3 - But not all are blameworthy; 4 - The guilty and the question of politico-economic criminality; 5 - Values of the productive economy alone are pre-eminent amongst our competitors; 6 - Their pragmatism in pursuing commercial interests; 7 - Naivety of British authorities on questions of international commerce; 8 - Job-creation at home should be the prime aim in all policies of our commercial officials; 9 - Britain loses exports through clumsy diplomacy. CHAPTER 30; Invisible Barriers Against British Trade; 1 - Invisible barriers against British trade: 16 categories listed; 2 - We must adopt a mature attitude and strategy in the face of ruthless competition; 3 - As a nation we have no monopoly of virtue; 4 - The amorality of international business; CHAPTER 31; Proposals For Promoting Job-Creating Productivity; 1 - The millstone of laissez-faire; 2 - Proposal for licensing imports; 3 - Need for a 200-mile fishing limit; 4 - Britain's uniquely disadvantaged position is her justification for new Navigation laws; 5 - 14 general aims for industrial regeneration; CHAPTER 32; A Message For The World; 1 - Internationalism and national aspirations; 2 - States are not altruistic to the outside world; 3 - External pressures alone ensure the self-centredness of states; 4 - But there is a doctrine with a world message; 5 - Mutual benefits of productive capitalism internationally; 6 - Rentier capitalism responsible for the worst poverty and social conditions worldwide; 7 - Socially desirable wealth creation a universal principle; PART IV; Introduction page - 245; REFORMING THE BUSINESS ENTERPRISE; CHAPTER 33; The Company: Identifying Its Intrinsic Purpose; 1 - The company must be viewed in its totality; 2 - Since its purpose transcends the views of different groups; 3 - Discussion of the company can only begin realistically with success and failure comparisons; 4 - Reality is only found through objectivity; 5 - A company must be a profit-making centre; 6 - Old Socialism failed to appreciate the need for the business dynamic; 7 - The only purpose of the company is to fulfil marketing needs; 8 - This is achieved most efficiently by a company pursuing its own best interests; 9 - Every company has an innate rational purpose; 10 - This places a special obligation on those committed to the company; 11 - Subjective management undermines a company's purpose; 12 - Examples of subjectivity; 13 - The purpose of a company is higher than the vested interests of its constituent parts; 14 - This is an argument for shared responsibility and ownership; 15 - Why the cash nexus as a sole link between employer and employee is pernicious; 16 - How objective management leads to greater efficiency; 17 - The need for openness; 18 - British dilettantism versus Continental rationalism; 19 - Necessary topics for discussion. CHAPTER 34; "Usury" - Is It Relevant Today?; 1 - Ambiguity of the term; 2 - Irrelevance of religious interpretations of usury; 3 - Modern and medieval definitions; 4 - Some false notions of usury; 5 - Creation of interest vital to industrial development; 6 - Difficulty in judging a desirable interest rate; 7 - Need to reject tinkering in favour of a more pragmatic approach; 8 - Whilst rentier capitalism increases interest rates, a productive economy may diminish them; 9 - In Britain's rentier economy, money creation is made in lieu of wealth creation; 10 - Evils of contemporary usury; 11 - To counter this, we must create a productive economy; 12 - False economics of the rentier apologists; 13 - Absurdity of their magic wand approach; 14 - Productivity is security against unforeseen international eventualities; 15 - Need for the term Rentier Capitalism; 16 - How rentier economists sell themselves to the expediency of the politicians; 17 - All wealth creation is traceable to the physical assets of production; 18 - Even Socialists support our discredited financial system when their noses are up against it; 19 - A modern interpretation of Physiocracy; 20 - Interest rates and inflation must be controlled; 21 - A productive society is based on wealth accumulation through work; 2 - Limited importance of the Stock Exchange; 23 - Hopes for its transformation; 24 - Futility of setting interest rates; 25 - Even our medieval ancestors failed miserably in their attempts; CHAPTER 35; The Company: Fairness And Efficiency As One; 1 - Separate groups in the company only take on reality through their interrelationships; 2 - Hence through objectivity alone can the company be properly considered; 3 - Mere subjective opinion-making is not reasoning; 4 - A scientific or sociological approach is called for; 5 - Efficiency and fairness cannot be separated in discussing the best interests of the company; 6 - Examining the company from a confrontational perspective is sterile; 7 - It must first be examined in the light of its dynamic purpose; 8 - Success is derived from a company's inner dynamism; 9 - The bureaucratisation of a company only castrates it; 10 - Distinction between the Old Socialist concept of Worker Ownership and Employee Ownership; 11 - Why turning employees into capitalist Owners would benefit employers; 12 - Why consumers should not have a say in company management; 13 - The pursuit of business for its own sake does not equal "simple profit"; 14 - What long-term profitability means; CHAPTER 36; A General Purposes Clause For The Company; 1 - Merger activity has only benefited rentier interests; 2 - Legal rights in the success of a company should be extended to employees; 3 - But withheld from those not committed to its day-to-day functioning; 4 - Need to distinguish between what is Internal and External to a company's interests; 5 - Internal interests of the company; 6 - Interests external to the company; 7 - How failure to maintain these distinctions may undermine a company's dynamic purpose; 8 - Why consumer interests or public complaints are better handled by specialised external bodies. 9 - It is doubtful if larger companies express a "social obligation" out of altruism; 10 - They have more concern for their public image; 11 - And to pre-empt justified criticism; 12 - Vested interests hinder development of renewable energy sources; 13 - The giant retail chains have trampled on the unfortunate and dictate the upward trend in prices; 14 - No attempt should be made to transform the company into something it is not; 15 - The EDT clause is undesirable since it allows a company to opt out of its productive purpose; 16 - Diversification is often a symptom of degeneracy; 17 - The provision of secure employment is only secondary to the company's purpose; 18 - And so also are "quality goods" at "reasonable prices"; 19 - Free time to attend "public duties" is not part of a company's purpose; 20 - Co-determination and employee share-ownership should legally form part of a company's function; 21 - Vague gestures of altruism should not be introduced into the company's Memorandum; 22 - A company should concentrate on its productive purpose; 23 - And then seek to maximise its market share; 24 - A company should fully develop the potential of its employees; 25 - Including, if necessary, a change in career direction; 26 - Ideally, the company should seek to fulfil the spiritual needs of its employees; 27 - Pursuit for the collective good is ultimately of greatest benefit to all committed to the company; PART V; Introduction page - 303; FORTY-THREE FAILING BRITAIN: AN EXERCISE IN THE CRITIQUE OF RENTIER CAPITALISM; CHAPTER 37; Industrialists Against Industry; 1 - A monstrous letter; 2 - What is an "industrialist"?; 3 - The oligopolists alienated from industry; 4 - The 43 signatories and their concerns; 5 - Their political might; 6 - An endorsement of continuing de-industrialisation; 7 - An indication of their earnings; 8 - They and their concerns unaffected by change of government; 9 - Political responsibility not complemented by the reality of power; 10 - Real power is held by the industrialists; 11 - Success of the phony economy; 12 - It is a cancer feeding off productivity; 13 - Transforming the business criteria of an acquired company; 14 - Rentier capitalism is the real British disease; 15 - Industrial power is absolute economic power; 16 - How industrialists toy with party politics; 17 - Tacit understanding on the separation of business and political interests; 18 - Industrialists are giants in a land of dwarfs; 19 - Their greater political accountability follows from this; 20 - They alone have the power to effect change; 21 - Their cowardice in failing to meet the challenge; CHAPTER 38; The Ideology of Industrial Decline; 1 - Hypocrisy of their letter; 2 - How the 1979 exchange rate devastated our exports. 3 - Pursuit of the short-term; 4 - Devastation of our manufacturing base; 5 - "Enterprise" as a propaganda term; 6 - Foolishness of the small business borrowers; 7 - How big business has exploited small business; 8 - Our 43 are no friends of competition policies; 9 - Nor of productive business; 10 - They exploit threadbare political illusions for an ulterior purpose; 11 - Their false perception of reality; 12 - It even contradicts government policy; 13 - "Inward investment" a qualified benefit; 14 - "Quality and design" not exploited for British industry; 15 - Little sign of "encouraging trend" within our universities; 16 - Unrealism of new "career options"; 17 - British recession not comparable with world recession; 18 - Our 43 have no answer to the "over-heating" of the economy; CHAPTER 39; Counterblast To The Forty-Three; 1 - Public response to the monstrous letter; 2 - Labour party industrialists; 3 - Liberal democrat industrialists; 4 - Little to distinguish industrialists according to political allegiance; 5 - The Labour party response; 6 - The Liberal Democrat response; 7 - The question of public utilities and their funding; 8 - Why industrialists are disillusioned by the centre ground; 9 - Industrialists' discontent with the political status quo; 10 - Industrial management at odds with corporate power; 11 - Graduates not prepared to be the "Yes men" of yesteryear; 12 - The scientific community versus our 43; 13 - How our 43 have financed the Tory party; 14 - On the unwise decision-making of our industrialists; 15 - And this is because rentier profiteering is more attractive; 16 - The illusive vision of a rentier capitalist; 17 - What Lord Hanson really means; 18 - Lord Gregson's timely percipience 19 - Social Capitalism promotes the definitive intellectual argument; CHAPTER 40; The Purpose of Industry; 1 - Need to define the raison d'etre of industry; 2 - What is the meaning of "British interests"?; 3 - What is the meaning of "economic power"?; 4 - What Social Capitalism means by British interests; 5 - The purpose of industry; 6 - A society managed on disinterested principles; 7 - Maximising democratic power: the ethical argument; 8 - Utilitarian grounds for extending democracy; 9 - Manners to protect the privileged a burden on democracy; 10 - Demand on brainpower requires a classless society; 11 - An egalitarian society only attainable through displacing old values; 12 - Social justice is dependent on creating a rational society; 13 - Final outcome of the economic class struggle; 14 - The political ideals of our 43 industrialists; 15 - The consequences for a rentier Britain 50 years hence; 16 - Complacency of our 43 industrialists; 17 - they are cocooned within a fantasy world; 18 - Their inexperience; CHAPTER 41; The Bifurcation of Capitalism; 1 - Distinguishing Rentier from Productive capitalism; 2 - First revealed through experience. 3 - The author's second experience of rentier capitalism; 4 - Evils of rentier capitalism revealed through objective research; 5 - Suppression of literature on the rentier economy; 6 - The distinction between the 2 economies is the only economic reality; 7 - The "free enterprise" economy is not what it purports; 8 - Conflict of interest between the manufacturing unit and its corporate office; 9 - But an enterprise is most quickly ruined by the Whiz-kid; 10 - Historical explanation of the Rentier economy; 11 - Continental and Far East industrialism achieved in different circumstances; 12 - New concepts developed for funding industry; 13 - The bifurcation of capitalism: Rentier and Productive; 14 - Social consequences of productive capitalism; 15 - And of rentier capitalism; 16 - Deluded optimism of the British proletariat; 17 - Foundations of the classless society in Germany; 18 - How hereditary privilege in Britain retained its power; 19 - Our contemporary situation and decline; 20 - Rentier economy solely responsible for this; 21 - Establishment economists and the monistic explanation; 22 - British industry and the easy years; 23 - The post-War consequences; CHAPTER 42; Identifying Productive Profitability; 1 - Our 43 not the most culpable sector in the business community; 2 - But the financial class are; 3 - But only because of their mode of operation; 4 - Top bankers appreciate our industrial philosophy; 5 - Ambiguity of available information; 6 - The problem of interpretation; 7 - New criteria needed for company information; 8 - To measure Productive profitability against Rentier profitability; 9 - Diversification is a sign of weakness; 10 - Information required on foreign and international concerns; 11 - Need for reconstituting stocks and shares according to home-based productivity; 12 - Benefits accruing from this; 13 - The esoteric power of the City holds our politicians in thrall; 14 - Why the Tories are the party of de-industrialising rentier capitalism; 15 - Irrelevance of party politics; 16 - Time for turning to the industrialists; 17 - Big business is now inextricably political; 18 - Representative power has been eroded by big business; 19 - Political appeal to our 43 industrialists; 20 - Why they should respond; 21 - Stupidity of pretentious optimism; 22 - Responsibility for our country's future; 23 - Posterity is within their reach; PART VI; DECLARATION OF SOCIAL CAPITALIST VALUES; FIRST PART; The Principles of Socially Responsible Capitalism; SECTION I; The Social Purpose of Industry; Aims: 1 Primary social purpose: 2 Social and Unsocial Wealth creation: 3-5 Greater wealth distribution = more taxation: 6-8 Achieving job creation: 9 Core economic activities: 10-11. SECTION II; Safeguarding Community Interests; Economies must be democratically accountable to their own communities: 1-3 The threat of international capitalism: 4-5 How to confront it: 6 Need for special agreements: 7 Free market essential for both business and community: 8 But the free market in utilities should be limited: 9-11 Other examples when privatisation may be disadvantageous: 12-14 Confronting harmful or undesirable market demands: 15 Problems of the arms industry: 16-17 Avoiding waste and pollution: 18 Higher priorities than work and productivity: 19; SECTION III; The Proper Rationale of Business; Productivity for the longer term: 1-3 Is socially more beneficial: 4 Conglomerate business productively inefficient and source of Unsocial Wealth creation: 5-11 Is internally divided by opposing vested interests: 12-13 Why independent UK companies are also managed for the shorter term: 14; SECTION IV; How To Fund Industry; Equity mode of funding UK business: 1 Resultant pressures on independents dictates short-termism: 2 Deficit funding, on the contrary, leads to greater productivity, greater spread of business enterprise, and more equal distribution of wealth: 3-8 Equity funding often leads to intentional suppression of productivity: 9 Rationally and irrationally funded economies: 10 Why deficit funding is more efficient: 11 Mode of funding influences business behaviour: 12 Social benefits of deficit funding: 13-14 Social ills arising from equity funding: 15-16; SECTION V; Politicising Business Activity; Importance of effective taxation: 1 Big business has esoteric knowledge: 2 Business repels and confuses those not in-the-know: 3-4 Psychological motives of business: 5 Industrial problem solving is not so much a question of management as vested interests: 6-7 Business suspicious of government: 8 Government has limited understanding of business: 9-11 But mutual patronage and sinecures have sealed their good relations: 12 Need for industrial reform but intelligent discussion only facilitated through a new vocabulary for identifying the new reality: 13-16 Purpose of this declaration is to unlock the secrets of our financial-industrial establishment: 17 Productive or socially benign capitalism: 18-19 Rentier or socially malign capitalism: 20-21 Productive Profitability the dialectic for all good business: 22-23 Rentier Profitability the bane of good business: 24-25 Macro-economic outcome of contrasting types of profitability: 26-27 Other terms: 28. SECOND PART; Achieving The Practicality of Change; SECTION VI; First Steps Towards Prosperity; The supporting functions of government: 1-2 Corporate subsidiaries and some independents should not be eligible for assistance: 3-7 A commission to investigate the financial management of conglomerates: 8-11 More smaller privately owned businesses in Continental Europe: 12 Monopoly-type categories of business to be discouraged: 13; SECTION VII; Reforming The Financial Institutions; Establishing long-term low-cost lending institutions: 1 Conglomerate banks: 2 Reforming the clearing banks: 3-4 Releasing subsidiaries from corporate control: 5-6 Need for Productively benign stock exchanges: 7-10 London Stock Exchange reserved for international trading: 11-13 Helping investors promote UK-based productivity: 14-16; SECTION VIII; Towards Creative Intervention; Industrial Planning Associations: 1-3 Inequity of Britain's trading situation: 4-8 Her negative imbalance of trade: 9-10 Import Substitution Board: 11-12 Policy of Creative Intervention: 13-15 DTI Business Advisers: 16-17 Their function: 22-25 Revitalising commercial posts: 26-27; SECTION IX; Overcoming The Imbalance of Trade; Obligations of the state: 1 Strengthening our ties with the EU: 2 The fishing industry: 3-6 The merchant fleet: 7-9 Levy on foreign juggernauts: 10-12 Improving rail efficiency: 13 Other levies on finished goods: 14 Dividing land ownership in Scotland for afforestation and other productive use: 15-17 Need for a land survey in England and Wales: 18 Promoting wider land ownership and greater productivity: 19 Increasing home-based food production: 20; SECTION X; Extended Role of The Trade Unions; Changing role of the unions: 1 Their new functions: 2-3 Dictated by the changing sociology of work: 4 Changed attitudes of working people: 5 Of the middle classes: 6 How old-style trade unionism often served the vested interests of employers: 7-8 New-style trade unionism must fight for Productivity and Social Wealth Creation: 9-10 Re-defining its prospective supporters and future battle lines: 11 Extending shared company ownership to employees: 12-13 Compensation and guarantees to the chief executives of independent firms: 14 Preventing nepotism: 15 Encouraging other ownership arrangements: 16. SECTION XI; Collective Responsibility For Industrial Success; Implementing Co-determination: 1 Employee share ownership: 2 Training trade unionists to read accounts: 3 Need for full unionisation: 4 Including senior management and chief executives: 5 The right of employees to inspect accounts: 6 Safeguarding confidential information: 7 Top salary levels: 8 Maximising employee ownership and control: 9 Special exemptions for entrepreneurs: 10-12 Wage agreements should be statutorily applied in all work places: 13 Tensions and rivalry inevitable in all organisations: 14-16 Changing the pattern of formalised conflict from a self-defeating to a constructive purpose: 17-18 Purpose of Advanced Industrial Action: 19 Its function: 20 Countering the threats of globalisation and the role of the Industrial Efficiency Tribunal: 21 Ensuring the legal responsibility of directors for industrial success: 22-25 Conclusions: 26-27; Appendices; Appendix A: Some vital Discussion Topics; Appendix B: The Accused: The Forty-Three Failing Britain; Appendix C: The Groups & Their Profitability over a 2-year period; Appendix D: The Groups & Their Activities; Appendix E: Handicaps To Competition; Appendix F: The Groups & Their Financial Structures; Appendix G: The Groups: Their Growth or Contraction Listed in order of Turnover; Appendix H: A Summation of The Financial Power of All Forty-One Groups in Their Different Aspects; Appendix I: Signatories With Their Groups & Companies Listed in Dantesque Descending Order of Culpability As Types of Enterprises of Lesser Value, Based on The Criterion of Desirable Productive Profitability As Contrasted With Rentier Profitability; Appendix J: Analysis By Type of Industry, Its Size & Profitability; Appendix K: List of Social Capitalist Technical Terms; SELECT BIBLIOGRAPHY & QUOTED SOURCES; INDEX TO THE DECLARATION OF SOCIAL CAPITALIST VALUES; INDEX TO THE MAIN TEXT.