There has been a kind of stalemate in the class struggle which has placed governments in the position of tackling deep - rooted problems with technocratic instruments of strictly limited effectiveness: they have held the line on the balance of payments by means of periodic deflation, which has not really solved anything; they have periodically checked inflation and attempted to rebuild industrial profitability by means of ad hoc incomes policy but have been unable either to maintain popular support for such policies or to push forward to a comprehensive planning of prices and incomes, investment and consumption.
There has been a kind of stalemate in the class struggle which has placed governments in the position of tackling deep - rooted problems with technocratic instruments of strictly limited effectiveness: they have held onto the rope on the balance of payments by means of periodic deflation, which has not really solved anything; they have periodically checked inflation and attempted to rebuild industrial profitability by means of ad hoc incomes policy but have been unable either to maintain popular support for such policies or to push forward to a comprehensive planning of prices and incomes, investment and consumption.