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Updated: June 19, 2025
It is not strange that the after-war harvest of crimes should come largely from boys, often those boys who did their part on the field of battle. Whether they got the psychology from killing or reading or hearing or playing soldier or training makes no difference.
On capital account we have suffered by wear and tear in so far as our upkeep has been neglected owing to lack of labour during the war, and by depletion of materials and stocks, and also, of course, by the fact that if the war had not happened, we should, if pre-war calculations were correct, have put some £1700 millions into new investments at home and abroad during the 4-1/4 years of fighting and some more hundreds of millions during the after-war period of Government borrowing and restriction on private investment.
I asked a member of the British Cabinet, a man perhaps better qualified than any other in England to speak on this subject, to sum up the whole after-war labour situation, as he saw it, and his epigrammatic reply was: "After the war capital will be ungrudging in its remuneration to labour; and labour, in turn, must be ungrudging in its output."
It seems to me that his expectation of after-war revenue is too high, and of after-war expenditure is too low. He says that the estimates have been carefully made, but that they include "a recovery from the absence of war conditions," but surely the absence of war conditions is much more likely to produce a diminution than a recovery in taxation.
Although we stand amid the ruins accumulated during four long years of war and are confronted by distressing after-war problems in every order of human activity, still we raise our heads in hope and look beyond the crude realities of the present to a brighter day breaking on the horizon of time, a day tinted with the rising sun of Christian doctrine. . . .
If, as is much more likely, the imposition of a Levy created better feeling among the working classes and the returning soldiers and tended to more harmonious co-operation in after-war tasks of reconstruction, it might be worth while to face its evils and its dangers.
"The political and economic struggles of society are in the last analysis religious struggles; their sole solution, the teaching of Jesus Christ." After-War Problems from a Catholic View-Point Reconstruction, the Duty of the Hour. The heavy clouds of war and the bloody mist of battles are lifting; once more the sun of peace bursts forth triumphant over a sad and weary world.
Transitory solution, the regime proposed for the Saar coal. There is an evident inequality which might have a bad influence on the after-war relations among the Allies, more important than the after-war relations of Germany with them.
As things are, if we continue to add anything like £2000 millions a year to the National Debt, it will not be possible to balance the after-war Budget without taxation on a heavier scale than is now imposed, or without retaining the Excess Profit Duty, and so stifling industry at a time when it will need all the fresh air that it can get.
He expects a revenue then of £540 millions on the present basis, making, with the yield of the new taxes in a full year, £654 millions in all, without including the excess profits duty, and he expects an after-war expenditure of £650 millions, including £50 millions for pensions and £380 millions for debt charge.
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