ABSTRACT
The 1971 Congress of LO had before it a report from a special committee appointed to examine the subject of wage policy, and the committee and the Congress found themselves asking what was to be done about the problem of excess profits in many successful Swedish companies. There was and is no intention of abandoning the wage policy based on solidarity. Emphasis on helping lower-paid workers was to continue, and the co-ordination of wage bargaining rounds was seen as the best means of promoting equity. Some scheme for taxing profits might be devised, or some form of funding might provide an answer. The concentration of ownership of capital was explicitly recognised as an issue. Capital growth via self-financing has been going on for as long as modern capitalism has been in existence. The process of industrial concentration is an obvious consequence of constant changes in economic structure.
