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We still need the means of production
Much has changed but the essentials remain the same – we need a new wave of nationalisation in a new form, or face planetary oblivion, writes NICK WRIGHT

“TO secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution and exchange, and the best obtainable system of popular administration and control of each industry or service.”

For generations this formulation has served as a compelling description of the socialist goal inscribed on Labour Party membership cards, the banners of trade unions and in the minds of millions of working people.

For some it signified a steady progress through Parliament to achieve the public ownership of the main industries and services and a peaceful accommodation with a gentled capitalist class.

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