Winston Churchill was the Prime Minister of Great Britain during the Second World War. His outstanding leadership was the key factor in winning the war for Great Britain, against a stronger Germany. He was called "the savior of our nation".
Towards the end of the war, an election was called in Great Britain. Churchill was the leader of the Conservative Party. The Labour Party campaigned on a platform of full employment and a welfare state, and won the general election. Churchill lost, in spite of the gratitude of the people for his leadership. The people were looking towards the future and wanted a government that could deliver full employment and welfare.
We face a similar situation today. In many countries, the people wanted their government to address the issue of employment. Too many people are unemployed, due to globalisation and global competition. Depending on the old policies will not create employment. New policies have to be found, based on Keynesian principles.
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