From the January 2012 issue of Panic Moon.  Slightly expanded.
Some people say that 'The Macra Terror' is about holiday camps, but I 
think there’s more to it than that.  The Colony is obsessed with work.  
It organises communal entertainment, but this seems to consist of revues
 about how great it is to be worker.  The aim is to make people “happy 
to work”.  These people are not on holiday.  
The surveillance and brainwashing suggests totalitarianism, but the area
 where Barney provides makeovers looks less like Russia and more like a 
health spa or a salon on a Western high street.  Polly is told she’ll 
win a competition that sounds like Miss World (which the U.S.S.R. 
disdained until 1989).  The Pilot sits at a desk attended by a 
secretary, looking like a sitcom businessman.  Ola’s guards look like 
the kind of American or British riot police who were, by this time, 
often being seen on the news, clashing with demonstrators.
.The key to understanding this strange tale is the fact that, by 1967, a 
lot of people saw tyranny on both sides of the iron curtain.  In the 
60s, Western society was largely prosperous but also lived in the shadow
 of the bomb, of Vietnam, of racial and sexual discrimination.  There 
was inequality, protest and repression.  In 1967, the turbulence was 
just about to peak.  The media might have presented Western culture as 
happy, free, even ‘swinging’, but the counter-culture began to critique 
mass advertising and P.R. as methods of thought control.  Trendy  
theorists like Herbert Marcuse identified totalitarian currents within 
capitalism and saw consumerism as creating  alienation.  (It's 
interesting, in light of this, how often Doctor Who  - a product 
of the 60s after all - combines its strongest hints at a  critique of 
capitalism with the aesthetics of totalitarianism, i.e. 'The  Sun 
Makers', 'The Happiness Patrol'.  This is also interesting in light  of 
the analysis of Stalinism which sees it as a bureaucratic form of  state
 capitalism.)
'The Macra Terror' is perhaps Doctor Who’s earliest attempt to 
engage with the radical 60s.  The Colony is mainstream Britain in 
denial.  The Colony media seems very ‘ITV matey’ but also quite ‘BBC 
formal’.  Both the commercial and state style conspire to keep the 
drones chirpy.  The main work is gas mining.  In 1967, Britain was 
switching over to North Sea gas.  It was all part of Britain’s 
prosperous future, if everyone would just pull together, work hard and 
keep smiling.  The protestors and hippies were just spoiling things.
The big problem with Medok is that he isn’t happy.  He talks about the 
Macra.  They represent the repressed knowledge that something is very 
wrong with society.  They’re everywhere but are unseen.  Nobody believes
 in them but everyone knows their name.  People who talk about them are 
silenced with telling desperation.  When the Colonists do see them, they remain uncertain whether they are insects or bacteria… interestingly, the only suggestion nobody
  makes is that they are crabs.  The Doctor calls them germs in the 
brain of society.  They are the unease beneath the fixed smile.
The Macra are the reason why the humans mine gas they don’t need.  The 
implication is that totalitarianism and capitalism not only use similar 
methods of thought control, but both demand that people work, happily, 
not for their own benefit but for monstrous, hidden, incomprehensible… 
possibly even insane reasons.  Even the establishment (and the British 
government in 1967 was Labour) works for them, without realising it.
In the end though, despite the Doctor’s gleeful anarchism, the Colony without Macra seems indistinguishable from the Colony with
 Macra.  The repressed knowledge is faced, the hidden exploiters are 
defeated, and society remains the same.  We can’t help feeling that the 
colonists will go on obeying rules and whistling while they work.  You 
have to wonder if maybe the Macra weren’t the cause of the problem but 
just took advantage of it.  If they were germs, they thrived in a social
 wound that was already festering.  However, the end of the story seems 
to endorse the Colony.  The wrong people (if we can call them that) were
 in Control, that’s all.   
As the decade progressed, later stories would imply even more radical 
critiques of Western society, but they’d all come to similar diffident 
conclusions.
ADDENDA:
1.   There is also a view of 'The Macra Terror' which sees it as an 
apologia  for colonialism.  The Doctor unquestioningly uses lethal force
 to  protect a colony from natives.  I find this unconvincing because, 
of all  the valences the Macra take on, race seems a very muted one... 
although  I don't dispute that the story reflects British unease about 
the  dissolution of its empire in the post-war period.  If the Macra are
 the  disposessed natives, the story has a paranoid view of how  
settler-colonial states work that is borderline terrifying in its lack  
of relation to reality.
2.  I've gone into the Macra in greater detail, with special reference to how they evoke the Gothic mode in a quasi-Weird way, here and here.
 

I feel like that at work sometimes...
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