Word: economist
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Dates: during 1940-1949
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London's wise, brilliant Economist has long been one of the Labor government's most relentless gadflies. It has mercilessly told the British people that they must work even harder, and give up some of Labor's expensive social achievements, in order to export and live. But last week, amid thicker & thicker criticism of Britain's Labor regime, the Economist, with wrath flashing and statistics flying, lined up with His Majesty's government...
...Said the Economist in an article called "Britain in the Pillory...
...Economist was not sure what the long-run effect of nationalization would be on the British economy; but it was quite sure that the government had not been running the nationalized industries long enough to have single-handedly created the dollar shortage...
...reply to charges that Britain's bilateral trade policies were due to "doctrinaire socialism," the Economist wrote: "British commercial policies, with a few exceptions, are imposed by the facts of the case . . . When the United States Government comes up against comparable problems, as in Germany and Austria, it reacts in much the same...
...welfare state, everybody wants it-Laborites, Conservatives and, to some degree, even Americans. But the Economist concedes that Britain tried to build its welfare state a little too soon...