The Middle Way: A Study of the Problem of Economic and Social Progress in a Free and Democratic Society

The Middle Way: A Study of the Problem of Economic and Social Progress in a Free and Democratic Society

The Middle Way: A Study of the Problem of Economic and Social Progress in a Free and Democratic Society

The Middle Way: A Study of the Problem of Economic and Social Progress in a Free and Democratic Society

Excerpt

Ever since we emerged from the last economic crisis the attention of the Government and of the country has been largely concentrated upon foreign affairs. While a situation of such grave international tension exists the whole effort of policy is necessarily directed towards finding an escape from the dangers of war. And to the extent to which diplomacy cannot be relied upon to find a solution, ordinary prudence demands that measures should be taken to increase the preparedness of the nation to defend itself against attack.

The crisis in international political relationships followed hard upon the crisis in domestic and in world economic affairs. This was not an accidental occurrence; the two things are closely related. It was as a result of the strain thrown upon the internal economic and political systems in the different countries and the action, both economic and political, taken in an effort to relieve that strain, that friction and tension between the nations were increased.

"The isolated, divergent and contradictory measures by which the nations, in the first period of the late crisis, attempted to protect themselves against it, and push off the burden on to their neighbours, have only served to precipitate it and to render it yet more grievous for all."

It will be seen, therefore, that the crisis did not end, even for us, with the beginning of our trade recovery. The pressure had merely been transferred from the . . .

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