It's a good thing to be laughed at. It's better than to be ignored. - Harold Macmillan

It is always a matter of regret from the personal point of view when divergences arise between colleagues, but it is the team that matters and not the individual, and I am quite happy about the strength and the power of the team, and so I thought the best thing to do was to settle up these little local difficulties, and then turn to the wider vision of the Commonwealth.

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.

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.