Contents 
Preface Page1
The
Socialist Attitude in
Brief
What is the Source of Property Incomes?
Wrong
Economic Theories
leading to
Wrong Labour Party Policies
The Passing of Competition and Rise of Monopoly
When and Why the Capitalists support Nationalisation
The
Profits of
Nationalised
Industries
Chapter IX
Karl Marx and Nationalisation
Page 37
38
39
What is to be
Done?Pages 40
41 42
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The Communist Manifesto and the Last Hundred Years
Preface
One
of the issues raised at the General Election in July, 1945, and one
that will be fought out in Parliament and at future elections, is the
issue of State control over industry. Although it is not a new issue,
various factors, including the growth of monopolies in many
industries and the experience of extensive Governmental
control
during the war, have combined to give it increasing prominence. Above
all is the advent to power of the Labour Party. The Labour Government
is nationalising the Bank of England, the mines and railways (as well
as other industries later on), and is actively pursuing a policy of
intervening in industries, such as textiles, that are said to be in
need of reorganisation if they are to be able to compete effectively
with more modern and better equipped competitors abroad.
It may be thought that as the various points of view are being debated so fully by the Tory, Liberal and Labour parties that there is no need for a statement representing the attitude of the Socialist Party of Great Britain. This pamphlet is designed to show that there is a specifically Socialist attitude to these problems and that it is not being put by any political party in this country except the S.P.G.B.
In the chapters that follow we show that schemes of nationalisation, municipal ownership, public utility boards and State regulation of monopolies will not solve the problems that confront us, and that the solution is only to be found in the establishment of Socialism. Those who believe that nationalising the mines, railways and other industries will lay the foundations for a new social order, and those who mistakenly believe that these schemes are the same thing as Socialism are asked to consider carefully the principles and policies of the Socialist Party of Great Britain as outlined in the following pages. Many workers who have reached the conclusion that the existing order of things needs drastic changes if the world is to be made fit to live in have failed to realise that the change is needed at the very foundations of society. Clear thinking about this problem will prevent precious years being wasted on experiments that are bound to prove ineffective, merely postponing the application of the real solution
THE EXECUTIVE COMMITTEE OF THE
SOCIALIST
PARTY OF GREAT BRITAIN
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