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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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.
When I ventured to criticise, the other day, this system I was, I am afraid, misunderstood. As a Conservative, I am naturally in favour of returning into private ownership and private management all those means of production and distribution which are now controlled by state capitalism. I am sure they will be more efficient. What I ventured to question was the using of these huge sums as if they were income. I know now, I have learnt now from the letters that I have received, that I am quite out of date. Modern economists have decided there is no difference between capital and income. I am not so sure. In my younger days, I and perhaps others of your Lordships had friends, good friends, very good fellows indeed too, who failed to make this distinction. For a few years everything went on very well, and then at last the crash came, and they were forced to retire out to some dingy lodging-house in Boulogne, or if the estate were larger and the trustees more generous, to a decent accommodation at Baden-Baden.
It breaks my heart to see (I can't interfere or do anything at my age) what is happening in our country today – this terrible strike of the best men in the world, who beat the Kaiser's army and beat Hitler's army, and never gave in. Pointless, endless. We can't afford that kind of thing. And then this growing division which the noble Lord who has just spoken mentioned, of a comparatively prosperous south, and an ailing north and midlands. That can't go on.
It is no doubt true that you cannot "draw an indictment against a whole people". Yet the story of Prussian policy through many generations is dark indeed. "Prussia's whole policy", declared Metternich, "consisted in the enlargement of her territory and the extension of her influence; to attain it, she was willing to adopt any manner of means and pass over the law of nations and the universal principles of morality." What Frederick the Great began was followed by his successors at the end of the century, and continued by Bismarck. It inspired the Kaiser and his advisers in 1914. It was soon to be surpassed in cynicism and crime by Hitler.
British opinion was sadly confused. Throughout all these years, until just before the catastrophe, British people refused even to consider the possibility of another war. The last war had been so terrible in its devastations that it was "unthinkable" that this degrading and humiliating internecine strife between civilised countries could be repeated. War was not only intolerable, it was incredible. After all, the German people, whom our occupying troops had found to be decent and respectable folk, had not really wanted war. It was just the Kaiser and the militarists. We forgot, alas, how easily the Germans have succumbed to such leadership throughout history, and how readily they have applauded wars, so long as they were—as under Bismarck's guidance—short and successful.
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.
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In later years I was to find economists and newspaper editors arguing against the principle of full employment, to which after the Second War all political parties attached so much importance. While I recognise the dangers of "over-employment", I have little sympathy with those who, writing from pleasant suburban retreats or comfortable editorial chairs, dilate upon the disciplinary values of pre-war conditions. It was my fate to live with the problems of heavy unemployment for fifteen years. They were not substantially eased by any conscious effort either in the industrial or economic field. Rearmament under Hitler's pressure and ultimately under war brought their own grim solution.
Of one thing I was glad. It was not an election fought on "Tranquillity"; it was an election fought upon a positive plan—protection against cheap industrial imports threatening British wage standards and jobs. Baldwin's message was easy to explain to those already unemployed or in fear of unemployment. Cheap imports were beginning to flood into the country, even of billets and bars, still more of manufactured iron and steel products. Surely we needed a tariff, if only for bargaining with other countries. Thus it was not difficult to preach protection with sincerity. I felt all the time that our policy attracted many trade unionists who would only not vote for us because of pressure or a false sense of solidarity. After all, before the rise of the Labour Party, the working class had traditionally been Tory; the tradesmen, the shopkeepers, and the middle classes had generally been Liberal... Meanwhile, the memory of massive unemployment began to haunt me then and for many years to come.
So I approach the date on which my story of the Fifty Years Revolution begins. The old world ended, with its strange mixture of beauty and ugliness, happiness and sorrow, good and evil—so much to be proud of; so much, looking back, of which perhaps to be ashamed. Yet the most rabid radical or the most caustic critic of the Britain that had fought and won a twenty-year battle for freedom a century before, that for a hundred years had helped to keep the peace of the world, and spread civilisation to its distant corners, cannot but feel that if, in this sequence of rapid change, much has been gained, something, too, has been lost.
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.