PUBLIC CONTROL [To the Editor of the SPECTATOR.) Sm,—Your financial
expert last week tried to frighten your readers with the old tag " Socialism." Are we not all Socialists nowadays ?
However, Mr. Arthur W. Kiddy is right, I think, when he concludes by saying that " the position can only he perma- nently affected from within." That certainly is the endeavour of the Labour Party. Their policy and programme is the organizing and planning of our economic life. Public control of the great basic industries, either through national ownership or through the creation of public utility corporations. Control of the machinery of finance. The Bank of England is a private concern.
Hence the present banking system has never helped, or fostered, any industry. The labour motto is " internal reform." " The Soul of Reformation is the Reformation of the
Previous page
