Nationalisation...does not in itself engender greater equality, more jobs in the regions, higher investment or industrial democracy. The public knows this perfectly well, and so do the workers who have suffered from pit closures, steel redundancies and the run-down of the railways. It is idiotic to try to bamboozle them.
Just as, out of habit, one consults a run-down clock as though it were still going, so too one may look at the face of a beautiful woman as though he still loved her.
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