Nationalisation springs from the urge to improve the lot of the workers in the industry taken over. Public ownership should provide a cosy protection from the woes of unregulated capitalism. When Sidney Webb was planning the takeover of certain industries he was pressed by Arthur Henderson to produce a programme for nationalising all industries, so that the whole working class could be uplifted. Why confine the undoubted benefits of nationalisation to miners and railwaymen?
KeywordsTrade Union Industrial Relation Public Ownership Joint Consultation Electricity Council
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