By Sir Oswald Mosley
Published in 1951 Mosley gives his views on the economic situation at that time. He first describes the reasons for the problems and sets out his European solution.
Mosley says that Britain’s economy was distorted by neglecting British Agriculture and the Home Market in favour of a bloated export trade. He says that the profits from this activity were invested in coolie labour in the East where conditions and wages were extremely poor. This money was used to equip our competitors with factories and modern machinery which was later used to undercut the British worker.
In a section entitled War For Poland he says that the politicians chose to escape from the failure of their system into a foreign war. They fought the Germans over Poland. More specifically over the Danzig Corridor which the Germans wanted to be able to cross to reach East Prussia – from which they were divided. (due to the Versailles treaty)
The British people had no interest in Poland. But financiers had invested much money in Poland; notably in coal mines where the Polish miners were sweated for a fraction of British wages to produce cheap coal in competition with the British miners.
Mosley goes on to discuss American aid and the effects of devaluation, rising prices and how the problems could be solved.