In the showcase of British Socialism, perhaps the biggest trophy is the nationalization of steel. Winston Churchill's Tory government came to power pledged to denationalize the industry. Last week, with surprisingly little fuss considering all the hours of campaign oratory once devoted to the subject, the House of Commons voted 304 to 271 to return the steel companies to private ownership. The significance of the step was more in the attitude than the act. The Tories hope to restore what Winston Churchill's Supply Minister (and son-in-law) Duncan Sandys calls "the invaluable stimulus and driving force of private enterprise."
An iron and steel...
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