Labour policy—false and true : $b A study in economic history and industrial economicsMacassey, Lynden Livingston
History
Labour policy—false and true : $b A study in economic history and industrial economics
Macassey, Lynden Livingston
Industrial policy -- Great Britain; Labor economics -- Great Britain; Labour Party (Great Britain)
The Report expressed a halting agreement that large sums of money
would be required in respect of the maintenance of unemployed and
under-employed, the undertaking of work of social utility, and the
financing of schemes for the revival of British industry and the
restoration of industry and commerce abroad. It did not attempt to
discuss how this money was to be provided; it disposed of the whole
question by this facile observation: “We shall be met at once by the
criticism that sufficient money cannot be found to meet our demands. We
do not believe it. We refuse to be put off during this grave national
crisis, imperilling the welfare of the whole population, with pleas of
financial stringency.” Reference was made to large sums of money which,
it was stated, were being spent by the Government on unjustifiable
purposes, for example, on expeditions in Mesopotamia, operations in
Ireland and in other places. Money, instead of being so expended,
should be devoted to the relief of unemployment. If such retrenchment
of military and other wasteful expenditure did not yield the total sum
required, then, said the Labour Party, “other resources must be tapped,”
but those resources are not indicated. “While an increasing number of
families are daily sinking into starvation, the well-to-do classes have
suffered only minor embarrassments. Luxuries must go, if needs be, to
provide the means of life and livelihood for those in distress.” Hardly
a constructive financial scheme.
Manifesto on Unemployment, 1921
Public-domain text, read in full here on John Shaqi.
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