"What is the flaw in our present prosperity? What has gone wrong is that our competitors are taking some of our share in the export markets. The Germans and the Americans and the Japanese and other people, who were not competing actively with us until recently, are doing better than we are. The world's trade is growing all the time, but our share of it is creeping downwards all the time. Why are we not doing as well as our competitors? One reason is that we are spending so much money here that too many goods are bought at home which ought to be sold abroad. Besides, our prices go up faster than other people's, and that makes our goods harder to sell. Too easy to sell at home, too hard to sell abroad—all the result of too much spending power."
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Prime Ministers of the United KingdomPoliticians from EnglandAcademics from the United KingdomPeople from LondonAutobiographers from the United Kingdom
Original Language: English
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Broadcast (25 February 1956), quoted in 'Mr. Macmillan's Appeal', The Times (27 February 1956), p. 3
https://en.wikiquote.org/wiki/Harold_Macmillan
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Harold Macmillan
1957 – 1963
Maurice Harold Macmillan, 1st Earl of Stockton OM PC (10 February 1894 – 29 December 1986) was a British Conservative politician and publisher who served six years as Prime Minister (1957–1963). As Prime Minister, he worked to decolonize the British Empire in Africa and repair United Kingdom–United States relations after the Suez Crisis. He also led the Conservative Party to accept the post-war consensus of Keynesian economics and the welfare state. However, he was forced to resign by the Profum
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