Description
By Bill Warren and Mark Prior
“In the earlier post-war period – up to the middle or late 1950’s – economic, social and political stability was brought about by high demand levels, absence of severe foreign competition and increasing intervention by the state to guide and improve the functioning of the economy. At the political level, stability was the result of the Labour Party’s extending hegemony over the working class generally and, specifically, over most committed socialists. This partly derived from the result of the supervision by the Labour Party of the post-war reconstruction and renovation of British capitalism both socially and economically.”
