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Our present experience and our present predicament was foreseen and forecast in principle. It was exactly what we had seen happen before. It was exac… - Enoch Powell
" "Our present experience and our present predicament was foreseen and forecast in principle. It was exactly what we had seen happen before. It was exactly what had led us to renounce the very course of action upon which we subsequently entered. We are, therefore, obliged not to seek an escape by accusing external events, such as the movement of forces and prices in the outside world, for the crisis with which we have to deal. More important still, we are freed from the danger of supposing that either we or the country at large are the victims of the perversity of a group of our fellow citizens... It is salutary to be reminded that it is an impasse which was always implicit in the course of statutory control of prices and wages upon which we engaged. When we renounced that course we did not do so merely as a contrast to a voluntary prices and wages policy. The accent was not specially upon the word statutory or compulsory. We renounced it because our whole conception of the cause and, therefore, the cure of the scourge of inflation was such that the attempt to regulate individual prices and wages, either by compulsion or by agreement, was irrelevant. In a sense, we have the grim satisfaction of seeing the realisation and verification of what we ourselves predicted.
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About Enoch Powell
John Enoch Powell (16 June 1912 – 8 February 1998) was a British politician, classical scholar, author, linguist, soldier, philologist, and poet. He served as a Conservative Member of Parliament (1950–1974), then Ulster Unionist Party (UUP) MP (1974–1987), and was Minister of Health (1960–1963).
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Alternative Names:
J. Enoch Powell
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John Enoch Powell
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Additional quotes by Enoch Powell
Contrary to popular belief there is no reason whatever to suppose that the remuneration of labour in general has been raised by the combination of labour through the trade unions to a higher level than it would have stood at otherwise. The rising standard of living of the employed population is due to many causes; but restrictive practices are not among them. No doubt in individual occupations combination has from time to time succeeded in raising real wages above what they would have been in its absence; but any such gain, which is invariably at the expense of workers in other employments and of the general public, is always temporary and usually brief. After more or less inconvenience and, in recent times, by dint of more or less inflation, the pattern of real wages reverts to one which corresponds with the balance of supply and demand for labour in the various employments in different parts of the country.
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The whole basis and justification of the resort to statutory control of wages and prices was that the exorbitant demands and monopoly powers of the trade unions were the cause of the rate of inflation with which we were afflicted. Never, not even in pantomime, has the demon king been so speedily whipped back into the wings. His place is now occupied by what is called world prices. World prices, we are assured, are the principal if not the sole cause of the continuing inflation and the justification therefore for the continuance of a statutory policy to control in detail prices, wages, dividends, and the rest... But what has that to do with inflation? Prices change relatively to one another whether there is inflation or not. Changes in the economic world reflect themselves in real, that is relative, changes in prices. But a relative change in prices, even of a group of requirements so important as those which this country habitually imports, is not the same as inflation, and it does not cause inflation.
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