Word: socialistics
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Dates: during 1940-1949
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Professor Williams also cites Britain's conflict between improving her balance of payments and running a social walfare state. While he does not complain that British nationalization as such holds back production and productivity, Professor Williams believes both sides of the British socialist budget are to high. "Taxes, always essentially restrictive, have been raised so high as to dry up saving and destroy incentives among workers producers, and investors...
...such humble objects as pots & pans. The first predictions of a 5% cost-of-liv-ing rise shot up to 10%. The trade unions were having Sir Stafford Cripps on the carpet, demanding wage boosts. The Tories charged that devaluation could have been avoided but for the Socialist government's mismanagement; Laborites replied that it was not so, asserted that they had devalued rather than cut Britain's welfare program and permit unemployment. Said one Labor leader: "The government preferred to devalue the pound rather than devalue...
...head of the opposition, gaunt Socialist Kurt Schumacher replied. The abolition of the "two classes of Germans" was not enough; why, he asked insinuatingly, had not Adenauer mentioned the victims of Naziism, including Germany's surviving 30,000 Jews...
Schumacher turned to economics, called for British-style Socialist planning. He was interrupted by a deputy from the far right who cried out: "Just like under the Nazis!" Schumacher turned to his heckler, snapped: "Gentlemen, I thought you were the Nazis, not the British...
...their sons can wear the brown, red and black Winchester tie. Though this year there were ten applicants for every opening in the school, Winchester's slight, spectacled Headmaster Walter Fraser Oakeshott knows that the school will somehow have to broaden its student base to keep going in Socialist Britain...