From the horse's mouth

[Louis Proyect <lnp3@xxxxxxxxxxxxx>]

?Rising unemployment was a very desirable way of reducing the strength
of the working classes....  What was engineered--in a Marxist sense--was
a crisis in capitalism which re-created a reserve army of labor, and has
allowed the capitalists to make high profits ever since.? --Alan Bud,
chief economic advisor to Margaret Thatcher

The source is an article by Christian Parenti in The Baffler.

Louis Proyect
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