We have been in recess since July, and during that time there have been a fuel crisis, a Danish no vote, the collapse of the Euro and a war in the middle east, but what is our business tomorrow? The Insolvency Bill [Lords]. It ought be called the Bankruptcy Bill [Commons], because we play no role.

TONY BENN: Well, they were much better than what was there before, and they were better than what we have now. I mean, the pits, the mining industry has been privatized, and there are no pits left, and we've got 1,000 years of coal under our territory. When I was minister of energy, secretary of state by the time I left office, one-quarter of the North Sea was owned by the government. [It was owned by the] BNOC, British National Oil Corporation. It's all been sold off by Thatcher. So in the middle of the fuel crisis, you suddenly realize that the policies being pursued by a socialist government were in the interests of the public. And people see that now, you know. They're beginning to understand it now. But during the Cold War, of course, what they said was if you're against capitalism you must be an agent for the KGB; you must be working for the Kremlin; we're about to be invaded by the Red Army -- all of which was rubbish, but they used that to frighten people away from policies that really were in their own interest.

TONY BENN: Well, I think there were a lot of problems. There was the oil crisis, and we may have another one. We're talking, remember, about the end of the year 2000. With a war in the Middle East, rising oil prices could throw the whole world economy into collapse again. So you have to recognize, as [Prime Minister Harold] Macmillan once said, that events can often change things. But what we did at the end of the war, to employ everybody, was a remarkable achievement. We built 400,000 houses. We built a health service, absolutely free when you needed it. You paid for it when you were well, and you got it for free when you were ill. Everything. No charge for spectacles or prescriptions or anything. That was a huge advance in human improvement. And now, increasingly, they're trying to privatize the health service so the rich will be able to afford to be looked after, but other people won't.

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TONY BENN: In 1945 in the election, I drove a loudspeaker van around in the campaign, and we went to Covent Garden, and there was a guy called Knocker O'Connell. ... He did a political poem for me, and one line was this: "'F' stands for freedom, what Britain brags about. If you can't afford your dinner, you're free to go without." And that was the sort of freedom that capitalists believed in. You were free to starve if you weren't rich. This idea that keeping people down is the way you get freedom is ridiculous, because the world is dominated by multinational corporations that have never been elected. You can't get rid of them. How do you get rid of Bill Gates? You can't do it. But at least you can get rid of Clinton or Blair or Major or Bush. You can't get rid of corporations. And they are the ones who are dictating what sort of a world we live in. I think capitalism has one thing in common with communism: They both detest democracy. I used to go to Moscow on ministerial visits, and I'd meet the central committee for the Communist Party, and they had not been elected. And I would meet the commissars, and they had not been elected. And then I'd go on a ministerial visit to Brussels, and I'd meet the commissioners; they hadn't been elected. I'd meet the central bankers; they hadn't been elected. Communism and capitalism want to run society from the top, and you're allowed to decide whether your want Bush or Gore or Blair or Major, but you're not allowed to discuss capitalism in Russia or socialism in the West. Do you see what I mean? It's a very interesting thing to observe. Market forces destroy democracy by putting money above the voting machine or the ballot box.

INTERVIEWER: You've talked about the academics and the monetarists and so on. In Great Britain, the charge to undo the welfare state was led by Keith Joseph. Keith Joseph was concerned about a sense of freedom. What's the difference between your sense of freedom and his sense of freedom?

TONY BENN: No. What's happened is big corporations have seized governments and taken them over, making the state much stronger in the interest of corporate finance. That's what has happened. The state in Great Britain is much more powerful than it was when Mrs. Thatcher came to power. She destroyed trade unions, she destroyed local government, she limited free speech, and she recruited a lot of riot police. So the idea that market forces have weakened the state is nonsense. It's been strengthened. The people who control market forces have taken over the state. I met an old governor of Ohio a year ago, and he said to me, "You'll never have democracy while big business buys both parties and expects a payoff from whichever one wins." We're not represented anymore. We're managed on behalf of global capitalism, and that's why in Seattle and Prague and everywhere else in the world, people are beginning to stir, because they realize they're being managed now. Nobody represents them.

I heard from Jeremy Corybn in the House of Commons yesterday that the alleged cancellation of the world debt was a complete fraud, because a condition has been imposed that any country that had its debt cancelled had to privatise its assets; so that’s where the money will be made. I mean, if ever the Marxist critique of capitalism was correct, its on this. Somebody wrote in the “New Yorker” the other day, ‘Marx may have been wrong about communism, but he was certainly right about capitalism.’

War is easy to talk about; there are not many people left of the generation which remembers it. The right hon. Member for Old Bexley and Sidcup [sc., Edward Heath] served with distinction in the last war. I never killed anyone but I wore uniform. I was in London during the blitz in 1940, living where the Millbank tower now stands, where I was born. Some different ideas have come in there since. Every night, I went to the shelter in Thames house. Every morning, I saw docklands burning. Five hundred people were killed in Westminster one night by a land mine. It was terrifying. Are not Arabs and Iraqis terrified? Do not Arab and Iraqi women weep when their children die? Does not bombing strengthen their determination? What fools we are to live as if war is a computer game for our children or just an interesting little Channel 4 news item. Every Member of Parliament who votes for the Government motion will be consciously and deliberately accepting responsibility for the deaths of innocent people if the war begins, as I fear it will. That decision is for every hon. Member to take. In my parliamentary experience, this a unique debate. We are being asked to share responsibility for a decision that we will not really be taking but which will have consequences for people who have no part to play in the brutality of the regime with which we are dealing. On 24 October 1945, [...] the United Nations charter was passed. The words of that charter are etched on my mind and move me even as I think of them. It says: "We the peoples of the United Nations determined to save succeeding generations from the scourge of war, which twice in our life-time has brought untold sorrow to mankind". That was that generation's pledge to this generation, and it would be the greatest betrayal of all if we voted to abandon the charter, take unilateral action and pretend that we were doing so in the name of the international community. I shall vote against the motion for the reasons that I have given.

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Had a long talk to the Chinese First Secretary at the embassy — a very charming man called Liao Dong — and said how much I admired Mao Tse tung or Zedong, the greatest man of the twentieth century. He said that I couldn't admire Mao more than he did. I asked him how Mao was viewed now. He said Mao was 70 per cent right and 30 per cent wrong; the Cultural Revolution didn't work. He said he had been named after Mao — it was amusing.