Wednesday, 20 June 2007

Old Labour Old Co-op

It's 1964 and if you want to read the full text click the picture. 43 years ago and the paragraph on Social Ownership is old Labour, oh how times have changed. Are there any companies in state or municipal ownership left in the UK, besides the Bank of England ?

'The Co-operative Party, the manifesto states, has always believed that the "commanding heights" of the economy must be publicly owned and accountable to consumers, workers and Parliament. When necessary new state enterprises should be created to take advantage of scientific research.

Key industries that fail the nation should be taken into public ownership; and where appropriate consumers' co-operatives, producers co-operatives and municipal enterprises should be encouraged'

These are the days when Harold Wilson promised to forge that white heat of technology and the coal mines were still open.