The events of 1931 had struck a formidable blow to the hopes of a return to the pre-1914 "normalcy". Of course we had all known that there must be great changes resulting from the war: changes in economic and financial methods; still more, changes in concepts of social justice. But up to 1931 there was no reason to suppose that these would not, or could not, follow the same evolutionary pattern which had resulted from the increased creation and distribution of wealth throughout the nineteenth century. We had only to remove the hindrances to trade artificially created by the war and its aftermath. The rest would follow. Now, after 1931, many of us felt that the disease was more deep-rooted. It had become evident that the structure of capitalist society in its old form had broken down, not only in Britain but all over Europe and even in the United States. The whole system, therefore, had to be reassessed. Perhaps it could not survive at all; it certainly could not survive without radical change... [I]n the thirties, something like a revolutionary situation had developed, not only at home but overseas.
Prime Minister of the United Kingdom from 1957 to 1963
Maurice Harold Macmillan, 1st Earl of Stockton OM PC (10 February 1894 – 29 December 1986) was a British Conservative politician and publisher who served six years as Prime Minister (1957–1963). As Prime Minister, he worked to decolonize the British Empire in Africa and repair United Kingdom–United States relations after the Suez Crisis. He also led the Conservative Party to accept the post-war consensus of Keynesian economics and the welfare state. However, he was forced to resign by the Profumo affair and France's veto of British entry into the European Economic Community.
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Although I am still in favour of a National Government in these difficult times, and shall probably be found in the great majority of cases in the Government Lobby, there are some issues that have arisen, or are likely to arise, upon which I am unable to give the Government the support which it has, perhaps, the right to expect from those receiving the Government Whip. It occurs to me, therefore, that it would perhaps be more satisfactory if I was no longer regarded as being among the supporters of the present Administration.
The most striking of all the impressions I have formed since I left London a month ago is of the strength of this African national consciousness. In different places it may take different forms but it is happening everywhere. The wind of change is blowing through this continent. Whether we like it or not, this growth of national consciousness is a political fact. We must all accept it as a fact. Our national policies must take account of it. This means, I would judge, that we must come to terms with it. I sincerely believe that if we cannot do so we may imperil the precarious balance between East and West on which the peace of the world depends.
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We need not so much the gallantry of our fathers; we need (and in our army at any rate I think you will find it) that indomitable and patient determination which has saved England over and over again. If any one at home thinks or talks of peace, you can truthfully say that the army is weary enough of war but prepared to fight for another 50 years if necessary, until the final object is attained.
What I do not see is the argument...that we ought somehow to go on a quite different issue, a purely economic issue, to this new extreme which seems, greatly to my regret, to have inspired part of my party. There are no longer the principles of Lord Shaftesbury, Mr. Disraeli or Mr. Churchill. We are reverting to a form of neo-Cobdenism based upon the worst elements of the Manchester school, supported by aphorisms that would have done honour to that popular writer, Dr. Samuel Smiles. The paternalist elements and traditions of the Tory Party that come from its very roots are now unpopular. We are making a great error. It is because the people as a whole trusted those whom they regarded as their natural leaders to help them, support them and protect them that we have had the great authority in the past in our country.
In the course of some ninety years, the wheel has certainly turned full circle. The Protectionist case, which seemed to most of our fathers and grandfathers so outrageous, even so wicked, has been re-stated and carried to victory. Free Trade, which was almost like a sacred dogma, is in its turn rejected and despised... [M]any acute and energetic minds in the ’forties “looked to the end.” They foresaw what seemed beyond the vision of their rivals—that after the period of expansion would come the period of over-production... <nowiki>[</nowiki>Disraeli<nowiki>]</nowiki> perceived only too clearly the danger of sacrificing everything to speed. Had he lived now, he would not have been surprised. The development of the world on competitive rather than on complementary lines; the growth of economic nationalism; the problems involved in the increasing productivity of labour, both industrial and agricultural; the absence of any new and rapidly developing area offering sufficient attractive opportunities for investment; finally, the heavy ensuing burden of unemployment, in every part of the world—all these phenomena, so constantly in our minds as part of the conditions of crisis, would have seemed to the men of Manchester nothing but a hideous nightmare. Disraeli would have understood them. I think he would have expected them.
The only answer to Socialism was to build up by every means a property-owning democracy. Socialism promised to build up a great pauper State by its schemes for State relief, nationalization and doles, while the Conservative Party promised to build up a great property-owning, thrifty, and industrious State.
Best of all was the summer term of 1914, more than two years before greats (the final school) had to be faced; a term, therefore, devoted almost wholly to enjoyment. It was, as so often again in a year of dramatic events, a perfect English summer. Oxford, not yet an industrial town or crowded with the buildings which science has brought in its train, was hardly changed from the Oxford of past centuries. The only concession to modernity (apart from the railway, which was some way from the town) were the trams. But these were horse-drawn. All that summer we punted on the river, bathed, sat in the quad, dined and argued with our friends, debated in the Union, danced at the Commemoration Balls.
It is always a matter of regret from the personal point of view when divergences arise between colleagues, but it is the team that matters and not the individual, and I am quite happy about the strength and the power of the team, and so I thought the best thing to do was to settle up these little local difficulties, and then turn to the wider vision of the Commonwealth.
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So what did they do? They solemnly asked Parliament, not to approve or disapprove, but to 'take note' of our decision. Perhaps some of the older ones among you will remember that popular song: 'She didn't say "Yes", she didn't say "No". She didn't say "stay", she didn't say "go". She wanted to climb, but dreaded to fall, she bided her time and clung to the wall.'