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" "A society that acquiesces in the presence in its midst of a vast permanent army of unemployed is a society that has ceased to believe in itself.
George Douglas Howard Cole (25 September 1889 – 14 January 1959) was an English political theorist, economist, and historian. As a libertarian socialist, he theorised guild socialism. He belonged to the Fabian Society and was an advocate for the co-operative movement.
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Economy à la Sir George May will not help much; for it means nothing positive. ... We need, if not a Five Years Plan, at any rate a centrally controlled attempt to readjust industry and agriculture to the changing needs of the British consumer and of the world market, with less exclusive concentration on the old staple industries and far more attention to the development of those which have a real capacity for expansion.
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