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 pol… - Harold Macmillan
" "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.
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About Harold Macmillan
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.
Also Known As
Alternative Names:
Maurice Harold Macmillan
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Lord Stockton
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Earl of Stockton
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1st Earl of Stockton
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Supermac
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Additional quotes by Harold Macmillan
We must export to get necessities. We could not produce more than perhaps half our food. We had no raw materials, except coal and iron. Now we were importing both. We were even bringing coals to Newcastle, at least figuratively. All these imports must be paid for by exports... At first our main competitors—Germany and Japan—were out of the race. Now they were coming along very fast. We must not relax; on the contrary, we must make even greater efforts.
[Macmillan] said that another round of wage increases such as there had been in the past two years could be disastrous... Such increases would not bring any benefit to anyone. They would only benefit men in a particular industry if they were the only ones to get them. But they would not be. If one industry started, others would follow. No one would gain anything, except more and more paper money, which would buy less and less.
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