All I can say is that in taking this decision the Government, in the view of Her Majesty's Opposition, have committed an act of disastrous folly whos… - Hugh Gaitskell

I was a witness of two civil wars and their ghastly and tragic consequences, and I learnt, as never before, to value the freedom of British political traditions.

Peace can only be secured by re-establishing the rule of law in international affairs...neither a neo-nationalism nor a cowardly surrender to Fascism will be accepted by the vast mass of our people. For the moment rearmament is also essential...the scandalous gaps in our defences have become a byword.

I conclude that we should make two things clear to the country. First, that we have no intention of abandoning public ownership and accepting for all time the present frontiers of the public sector. Secondly, that we regard public ownership not as an end in itself but as a means—and not necessarily the only or the most important one to certain ends—such as full employment, greater equality and higher productivity. We do not aim to nationalise every private firm or to create an endless series of State monopolies. While we shall certainly wish to extend social ownership, in particular directions, as circumstances warrant, our goal is not 100% State ownership. Our goal is a society in which Socialist ideals are realised. Our job is to move towards this as fast as we can. The pace at which we can go depends on how quickly we can persuade our fellow citizens to back us. They will only do this if we pay proper attention to the kind of people they are and the kind of things they want.