What happened to the Labour Party?
W.G. Runciman: The difference between then and now, 22 June 2006
“... degree of direct governmental control was the necessary safeguard against a return to what were held to be the unpalatable but otherwise inescapable consequences of unfettered market capitalism. What mattered was that authority should be entrusted to an effective non-partisan bureaucracy on which Labour ministers could rely. In all this I have said nothing ... ”