Can the working class awaken to the necessities of Britain's position
and sublimate its agonizing memories and fierce hatreds in a national
economic effort? This is the big "if" in Britain's ability to meet the
economic challenge of today. I do not doubt that the working class will
respond again, as it has in the past, to a national emergency that is
as real, if less spectacular, than the one which faced the nation in
1940. This response, I believe, will develop as firmly, albeit more
slowly, under a Conservative government as under a Labor government
because it will be a development of the trend, already clearly evident,
in the new middle class to take a national rather than a class outlook
on Britain's problems. But the response must come soon.
We have seen how the present political alignment in Britain has
developed out of the political and economic circumstances of the years
since 1939. What of the future?
The Conservative government since the end of 1955 has been engaged in
a gigantic political gamble. It has instituted a series of economic
measures to restrict home spending. These measures are highly unpopular
with the new working class from whom the party has obtained surprising
support in recent elections. At the same time the Tory cabinet has not
provided as much relief from taxation as the old middle class, its
strongest supporters, demanded and expected after the electoral triumph
of May 1955. These are calculated political risks. The calculation is
that by the next general election, in 1959 or even 1960, the drive
to expand British exports will have succeeded in establishing a new
prosperity more firmly based than that of the boom years 1954 and 1955.
To attain this objective the Conservative government will have to
perform a feat of political tightrope-walking beyond the aspirations
of ordinary politics. The new prosperity can be achieved successfully,
from the political point of view, only if the measures taken to attain
it please the old middle class without offending Conservative voters in
the new middle class and the new industrial working class. This will
mean budgets in 1957 and 1958 that will relieve financial pressure
upon the first of these groups without alienating the other two, whose
interests are mutually antagonistic. It will mean that Britain's
defense commitments must be reduced and adjusted to the extent that the
savings will cut taxation of the old middle class but not to the extent
that the reduction of defense construction will affect the employment
of either the new middle class or the industrial working class.
This book was completed before the government's course was run. If
its policy succeeds, then Harold Macmillan must be accorded a place
in history not far below that of the greatest workers of political
miracles.
Public-domain text, read in full here on John Shaqi.
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