“Profits, wages and salaries are still determined not by any conditions of national interest or social justice, but by the traditional methods of laisser-faire. Under conditions of full employment, this must result in a continuous inflationary pressure, which undermines the real value of social security and small savings, as well as making our products less competitive in foreign markets and so jeopardising our capacity to maintain the standard of living.”

— Richard Crossman

‘Introduction’, New Fabian Essays (1952), pp. 26–27

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Richard Crossman 6

British Member of Parliament 1907–1974

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Richard Crossman 6

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