In developing our industrial strategy for the period ahead, we have the benefit of much experience. Almost everything has been tried at least once

We are not just here to manage capitalism but to change society and to define its finer values.

The Tory party is the enemy of democracy.

The nature of the economic system should be a matter for public choice, and free market capitalism should not be accepted without any discussion of the rich variety of alternatives ... Unlike civil laws, economic laws are imposed on people with all the authority of immutable laws of nature. But the economy is created by people, supported by government intervention, regulation, statute and subsidy, and implemented in such a way that it gives substantial wealth and power to a privileged few, while the majority face a life of relentless work, stress and periodic financial insecurity.

Britain today is suffering from galloping obsolescence.

We used to have a War Office, but now we have a Ministry of Defence, nuclear bombs are now described as deterrents, innocent civilians killed in war are now described as collateral damage and military incompetence leading to US bombers killing British soldiers is cosily described as friendly fire. Those who are in favour of peace are described as mavericks and troublemakers, whereas the real militants are those who want the war.

When Blair was elected leader of the Labour Party, he said, "New Labour is a new political party" - that was the phrase he used, and I'm so glad he said it because he set up his own party and I'm not a member of it.