Word: socialists
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...invoking the Warsaw Pact's duty to "defend socialism and its achievements from any encroachments." Soviet Foreign Minister Andrei Gromyko, in a speech before the United Nations General Assembly, bitterly accused the West of "interference in [Poland's] internal affairs" in the hope of "shaking loose the socialist foundations of the Polish state...
True to his word, Mitterrand moves to nationalize key companies François Mitterrand intends to be remembered as a man who keeps his promises. Since his election last May, France's Socialist President has launched proposals to increase public benefits, raise taxes on the rich, return power to local governments, abolish the death penalty and slow down the West's most advanced nuclear energy program. Last week, fulfilling a pledge so controversial that many Frenchmen thought Mitterrand might actually back off, his ministers approved the most sweeping takeover of private industry seen in Europe since the immediate...
...Socialists invoke dubious economic theories to justify their action. According to Mauroy, the new state enterprises will enjoy the autonomy that has ensured the success of companies already in the hands of the French government, such as Renault (see box). But conservatives and a good number of Socialists doubt that Mitterrand will give the new state companies the same free-enterprise hand Renault enjoys. Central to Socialist doctrine is the view that the state should use nationalized industries to catalyze growth of an economy plagued by stagnation, record unemployment (7.7%) and rising inflation (14%). By controlling the banks and turning...
Meanwhile, there were signs that Mitterrand was ending his honeymoon with the French electorate and that the bloom on the Socialist rose was beginning to fade. Inaugurating France's new, high-speed train last week (see SCIENCE), he was greeted with polite applause but no great enthusiasm. Hecklers bearing placards at stations along the way included members of the Confédération Française Démocratique du Travail, a union that enjoys close links to the Socialist Party. Their message: workers still expect Mitterrand to deliver on his promise of lowering unemployment and reducing...
...presidential campaign, Mitterrand promised to put them under state control. More recently his aides have been saying that state control of finance is vital to ensure that their Socialist economic program is fully implemented. Said Jean Le Garrec, Mitterrand's Minister for Nationalizations, last week: "The bank nationalizations will guarantee the enforcing of the will of the state, not through some economic magic, but through assured mastery of banking and industry. This way we can be certain that the state's wish to restimulate the economy is carried...