ABSTRACT
The trade unions on an international scale are already deeply involved with the problems arising from international finance, international and multinational companies - problems which arise from the worldwide merger boom, which is threatening the lives of the world's working class, and causing untold misery through the creation of massive unemployment in various parts of the world. The 1966-1970 Labour Government made a mistake in not taking over the motor industry of Britain and bringing it under public ownership with workers' control at all levels. While foreign companies take over large parts of British industry, British capitalists own and control big sections of industry in other countries. Anthony Wedgwood Benn, as Minister of Technology, claimed credit for the 1964-1970 Labour Government in creating mergers although some have been the cause of considerable redundancies. Transfer pricing is a device whereby goods are moved intra-company, which means across national boundaries, and the prices charged are not the real cost.
