In 1951, after six years of stringent economic controls under the Labor government of Clement Attlee, the Conservatives swept into power on a variant of an Old Testament exhortation: "Set the people free." Last week, as the Conservative Party met for its 84th annual convention in the seaside resort of Blackpool, the old slogan echoed again.
It was as timely as miniskirts. Even as the Tories were meeting, the Labor government of Prime Minister Harold Wilson announced the first two edicts under the new mandatory wage-price law, which places Britain under the severest economic controls in its peace time...
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