It is a sign of the times that the Labour Party, when dealing with the real Socialist policy in its Election Manifesto, walks like a cat treading on hot bricks. Gone are the days when our friends of the Red Flag were going to " nationalise all the means of production, distribution and exchange," in accordance with their time-honoured formula. It is only a piping little voice which is now heard. Only coal and electricity are to be nationalised at present; and there is a curious hesitation to say even that in blunt English. One is called "the reorganisation of the mining industry (in conjunction with by-products and power-stations) on the lines of national ownership," and the other is dressed up as "the development of the present chaotic electrical power-stations on the lines of a national system."
But though the brawny fist of the Socialist is swathed now in delicate kid gloves, Nationalisation is not the less Nationalisation because it is