Thursday, February 2, 2023

50 Years Ago: Britain Enters the Common Market (2023)

The 50 Years Ago column from the January 2023 issue of the Socialist Standard

From the beginning of this month Britain has been part of the ‘European Economic Community’, to give the Common Market its official name. This means that the British government is pledged to pursue, along with eight other West European governments, common policies in such fields as foreign trade, transport and agriculture. By 1978 all trade barriers between Britain and the other eight countries should have been removed and all nine should have erected a uniform tariff against goods coming from outside their ‘common market’.

For the capitalists of Britain, or most of them, this will open up a vast new market in which to try to sell their goods at a profit. But what about the workers? How will the Common Market affect the ordinary wage- or salary-earner in the factories and offices of Britain?

First, and this has already begun to happen, there’ll be a rise in food prices as a result of the British government having to change its method of subsidising agriculture. (…)

The second change the ordinary wage-earner will notice is in the way the goods he buys are taxed. From 1 April this year purchase tax and SET will be abolished and replaced by a Value Added Tax (VAT). (….)

Thirdly, workers from Britain will be free to move to the other countries in search of a job and will be able to carry social security rights with them. And workers from the other countries will be free to come here on the same terms, of course.

Within ten years, however, we could be using a common European currency and voting in elections for the European Parliament at Strasbourg. And after that, perhaps, there’ll be progress towards a ‘United States of Europe’ as another Great Power challenging the current world hegemony of America and Russia (…).

But, in any event, the emergence of such a new capitalist super-State, or the creation of a single European capitalist economy, is of no concern to the working class. Though it will affect them nevertheless. To try to mitigate these effects they will have to start thinking in terms of united action with their fellow workers in Europe. Already some trade unions, and trade unionists, have — wisely — been making contact with their opposite numbers in the other countries.

(Socialist Standard, January 1973)

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