And what always struck me about that war period was how even Churchill had to talk socialism to keep up people's morale.

Why get rid of Chamberlain to put in Halifax? It's like getting rid of the organ-grinder to put in the monkey.

Britain in the 1970s was undoubtedly an economic mess because of the oil price explosion.

And that will increasingly dawn on people. The demand for controlling the commanding heights will grow.

You see, another reason for nationalization was that private ownership meant fragmentation.

And what always struck me about that war period was how even Churchill had to talk socialism to keep up people's morale.

He described how, as a boy of 14, his dad had been down the mining pit, his uncle had been down the pit, his brother had been down the pit, and of course he would go down the pit.