Alan Budd on the Tories’ real motives
Sir Alan Budd's sudden resignation from Osborne's Bureau for Rebuttal is the perfect moment to remind ourselves of his astonishing – but essentially correct – analysis of Tory economic policy in the 1980s (from Adam Curtis's 1992 documentary Pandora's Box).
Sir Alan told Adam Curtis:
"The nightmare I sometimes have, about this whole experience, runs as follows. I was involved in making a number of proposals which were partly at least adopted by the government and put in play by the government. Now, my worry is … that there may have been people making the actual policy decisions … who never believed for a moment that this was the correct way to bring down inflation.
"They did, however, see that it would be a very, very good way to raise unemployment, and raising unemployment was an extremely desirable way of reducing the strength of the working classes -- if you like, that what was engineered there in Marxist terms was a crisis of capitalism which re-created a reserve army of labour and has allowed the capitalists to make high profits ever since.
"Now again, I would not say I believe that story, but when I really worry about all this, I worry whether that indeed was really what was going on."
Posted by Other TPA at 10:24am on 7 July 2010