GREAT BRITAIN: The Bitter Pill

The time had come for the Labor government to growl "no" at the very people who had voted it to power—members of the labor unions. Last week Prime Minister Clement Attlee screwed up his courage and said what had to be said: general wages, as well as profits, must not go any higher.

It was not just another exhortation. Clem Attlee called for a voluntary freeze, but he warned that the government might intervene if necessary. Failure to peg wages and prices, he said, would lead to a pricing of British exports out of the world market. That would quickly...

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