Magazine content is available exclusively for TIME subscribers.GREAT BRITAIN: For the Defense
London's wise, brilliant Economist has long been one of the Labor government's most relentless gadflies. It has mercilessly told the British people that they must work even harder, and give up some of Labor's expensive social achievements, in order to export and live. But last week, amid thicker & thicker criticism of Britain's Labor regime, the Economist, with wrath flashing and statistics flying, lined up with His Majesty's government.
Said the Economist in an article called "Britain in the Pillory":
"They, say (the American critics in particular) that Britain's woes have a simple origin in the socialist doctrines of the...
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