The Seductions of Declinism: Stagnation Nation
William Davies, 4 August 2022
As Boris Johnson limped towards his final prime ministerial disgrace, his supporters in the Conservative Party and the press believed they had hit on a strategy for weathering the mounting economic gloom. With inflation now reducing the value of every pound by 9 per cent a year, it was no surprise to see unions representing transport workers, refuse collectors, teachers and telecom engineers, among others, begin to ballot their members to strike for higher pay. The political right immediately responded with oddly euphoric analogies to the 1970s. ‘Labour Isn’t Working!’ one Daily Mail front page yelled. ‘We regret to announce that this country is returning to the 1970s,’ the front page of the Sun said the same week. The aim in conjuring up this memory (at least among the over-sixties) was quite clear: if this is a replay of the 1970s, then the unions must be responsible for a large part of the economic disorder, so what’s needed is some strong, Thatcherite figure to come along and take charge.