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Our place in the world is shrinking: our economic comparisons grow worse, long-term political influence depends on economic strength – and that is running out. The country expects both full employment and an end to inflation. We cannot have both unless people restrain their demands. If the TUC guidelines are not observed, we shall end up with wage controls once more and even a breakdown of democracy. Sometimes when I go to bed at night, I think that if I were a young man I would emigrate. But when I wake up in the morning, I ask myself whether there is any place else I would prefer to go. (en) |
