Categorisation of Schemes

Abstract

In Chapter 1 we outlined three elements of the crisis which have influenced the emergence of local and regional authority shareholding. These were:

• (a) the restructuring of British industry, involving an overall reduction of output and productive capital and a conflict between large and small firms;

• (b) the need to control or influence a haphazard property market arising out of the increase in speculative office construction;

• (c) pressures to reduce state expenditure in so far as it represented a further unproductive charge on surplus-value.