What happened to the Labour Party?
W.G. Runciman: The difference between then and now, 22 June 2006
“... but, on the other, could, if the government of the day was sufficiently determined, stand up to wage demands which other employers might be forced to concede because they could not afford the costs of a protracted strike in the way that a nationalised industry could. In practice, the nationalised industries were run in much the same way by much the same ... ”