Raw Material Crisis

1 mentions.

1952

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1952

one mention

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My own view is that we could have undertaken the programme we set ourselves only if we had been prepared to transform our economy into a full wartime economy, if we had been prepared to accept direction of labour, if we had been prepared to accept direction of capital, if we had been prepared to accept physical control of every raw material, if we had been prepared to re-introduce rationing to ensure fair shares of short consumer goods, and to re-introduce utility; in other words, if we had re-created a complete war economy, then I have no doubt we could have made a good effort internally to absorb the defence programme, even though the Raw Material Crisis might have proved fatal to the effort.


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