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Post-War Britain

Failure of Keynesian policies

In the depression of the thirties, with unemployment rising to peak levels and governments toppling because of their inability to do anything about it, most economists and many political parties were overjoyed to adopt the theories of J. M. Keynes, which held out to them the guarantee that capitalism's principal troubles were over. This is not surprising since Keynes promised continued full employment — the end of depressions with their accompanying massive demonstrations of working class discontent, the removal of one of the causes of war, and the arrival of lots of other good things. Keynes, they said, had revolutionised economic thought, blotted out the growing interest in Marx’s theories, and made capitalism safe. In 1944 the three parties. Tory, Labour and Liberal. all part of the war-time National government.

The Future of Unemployment

In all countries there are numbers of economists and politicians whose job it is to analyze unemployment and try to forecast future movements, mostly without much success.

Reconstruction: A Lesson from the Last War

 
The act of putting ideas into words should be a means of achieving greater clarity and understanding, for writer as well as reader. It should help to clear the way for action, but often smooth words and rounded phrases serve only as a brake on action. If anyone doubts this he has only to read again some of the optimistic plans for a new world which were being drafted in great number a quarter of a century ago. They promised a world without war, without want and without insecurity. Little or nothing came of it all. Precious years were wasted while the world drifted to another war and now a new generation of sentimental (or sometimes cynical) planners are at work who have seemingly learned nothing and forgotten everything. In international affairs it is only necessary to recall the League of Nations.

Dressed Up—For What?

It was a pleasant evening in early summer, still quite light, warm and balmy, the air laden with the scent of flowers from the park across the way. For what was normally a busy London suburb, there was surprisingly little traffic and this lent an atmosphere of tranquility—something all too rare nowadays.

 Then I saw him. He was standing in a shop doorway, a well built young man of about 23, handsome in a coarse way, and one who obviously took great care of his appearance. From his thick, brushed hair to his gleaming shoes, he was a picture of smartness, reminding one of the photographs appearing in male fashion magazines—but without the usual smile.

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