Britain's Labor Government was stepping up the pace. While the crusty Bank of England was still on its way toward nationalization, Labor ministers quietly announced that:
¶The Government is going to nationalize all British cable and radio transmission.
¶The Government is going to nationalize British civil aviation.
Tory Lennox Boyd leaped up to protest in the House of Commons. But, at a sign from Winston Churchill, he sat down again. Churchill demanded, and received, the promise of a later debate on both proposals.
The cable and radio scheme, which involves absorption of the vast, monopolistic system of Cable & Wireless Ltd., should have surprised...