NATO's nuclear strategy is an essential part of that balance [between East and West]. To threaten to upset it by refusing to let America base any of … - Denis Healey

Hugh Gaitskell was absolutely right when he said yesterday that what gets cheers at this conference does not necessarily get votes at elections. If it did we would have won Devonport [the seat which Michael Foot had just lost]. There are far too many people who...want to luxuriate complacency in moral righteousness in Opposition. But who is going to pay the price for their complacency?
You can take the view that it is better to give up half a loaf if you cannot get the whole loaf, but the point is that it is not we who are giving up the half loaf. In Britain it is the unemployed and old age pensioners, and outside Britain there are millions of people in Asia and Africa who desperately need a Labour Government in this country to help them. If you take the view that it is all right to stay in Opposition so long as your Socialist heart is pure, you will be 'all right, Jack'. You will have your TV set, your motor car and your summer holidays on the Continent and still keep your Socialist soul intact. The people who pay the price for your sense of moral satisfaction are the Africans, millions of them, being slowly forced into racial slavery; the Indians and the Indonesians dying of starvation.
We are not just a debating society. We are not just a Socialist Sunday School. We are a great movement that wants to help real people living on this earth at the present time. We shall never be able to help them unless we get power. We shall never get power unless we close the gap between our active workers and the average voter in the country.

The central problem of our economy for more than a generation has been that, although our productivity has grown more slowly than that of our competitors, we have seen annual wage increases of the same order as theirs. So our inflation has risen faster than in other countries and we have been able to maintain price competitiveness and full employment only by a series of devaluations which have further added to inflation and increased the pressure for excessive wage increases. In the era of North Sea oil it will be more difficult to devalue our currency to maintain price competitiveness. So unless we can keep wage increases close to the level of productivity increase we shall face rising unemployment and a further erosion of our industrial base.

By his conduct of the campaign against the Labour Government Aneurin Bevan has destroyed a good chance of succeeding the Party's leadership. Whereas Bevan's proletarian virility has always hypnotised many middle-class intellectuals, the trade unionists tend to see in him the familiar figure of the self-seeking agitator... Bevanism is essentially a flight from reality into dogma. But its opponents have had little to offer as a positive alternative. The Great Debate in British Socialism has so far consisted in one side talking nonsense and the other side keeping mum.
The Labour Party may hope to carry the Welfare State and planning further than the Tories, but for a long time physical and psychological factors will fix rigid limits. Further 'soaking the rich' will no longer benefit the poor to any noticeable extent. Further nationalisation no longer attracts more than a tiny fringe of the Labour Party itself; it positively repels the electorate as a whole. Even among Labour economists there is a growing revolt against physical controls in favour of the price mechanism. A policy based on class war cannot have a wide appeal when the difference between classes is so small as Labour made it.