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" "For full employment also execrated a by-product highly poisonous to the health of the nation's economy as a whole: the so-called "wage-price" spiral of inflation. This weakened the cost-competitiveness of British exports, so in turn menacing the balance of payments, the international standing of the pound, the survival of the Sterling Area, and ultimately the grandiose but wobbly facade of Britain as a world power. Moreover, even full employment's comforting warm milk of abundant pay-packets and easy profits only served to render the British economy at home fat and flabby, so that even dud companies (especially in older technologies) found it easy to keep bumbling along.
Correlli Douglas Barnett (28 June 1927 – 10 July 2022) was an English military historian, who also wrote works of economic history, particularly on the United Kingdom's post-war "industrial decline".
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There was yet another powerful element in British public opinion in 1933 which made a return to the balance of power and the line-up of 1918 wholly out of the question. Despite the failure of the League of Nations over the Japanese aggression in Manchuria, the faith of internationalists in the future of the new world order remained undiminished. That the general situation in the world had so much worsened since the happy days of 1929, with the rise of Nazism in Germany and militarism in Japan, only stimulated the internationalists into even greater activity; the more disquieting the facts, the more faith must conquer them. The rather smug optimism evinced by internationalists in the 1920s, when they thought war and aggression had been banished for ever, gave way to a somewhat hysterical eagerness to explain away the inherent impotence and fallaciousness of the League and its Covenant so brutally exposed by the Manchurian affair, and prove how the League nevertheless could and would prevail.
There are of course the neo-Puginites or neo-Morrisites who like to think of Britain as leading the world into a post-industrial phase where this form of capability will be obsolete, and who despise so material a matter as GNP as unethical or—the trendy version—unecological. Yet these high-minded escapists are among the first to howl about the need for more resources to be invested in hospitals, schools, good works, prison improvement, subsidies for the arts and what not. A country of static or declining GNP will not be an 'Erewhon' but a pinched and increasingly bitter place. Poverty may be noble as a concept; it is rarely so in in the flesh.
[T]he essential and constant factor common to all three national academies [in Britain, France and America] is the indoctrination with tradition: potent emotional conditioning in military myth, habits, and attitudes. There are the physical symbols and reminders: engraved tablets of the glorious dead; the museums; the assembled iconography of illustrious graduates; statues; guns... At all three academies there are songs, slang, customs and ceremonies that link each annual class together for the rest of their army life... This indoctrination has grown out of history rather than been artificially created, but it may be doubted whether psychologists or sociologists could improve on it. Upon this mental sub-structure, purely neo-feudalist with its emphasis on glory, gallantry, honour, duty, and patriotism, is built functional and technical training, both concurrently at the academies, and later in schools of application. But it is this indoctrination, together with drill and discipline, that turns civilians into soldiers. Without it there would be no difference between a general in a defence ministry and a high executive in a business cartel. In terms therefore of creating the common character of the military elite, this constant factor of conditioning inside cadet colleges has been of greater importance than the changing detail and emphasis of academic curriculum and military training.