The author of an important work on the rationalization of German industry turns his attention to the achievements and shortcomings of Britain's Labor Government. Covering the years from the end of the Second World War to the summer of 1949, he makes a detailed inquiry into the main areas of action and controversy: the Bank of England, coal, iron and steel, utilities and transport, health and social insurance, agriculture, industrial planning, and Empire relations, in all of which he detects little of "Socialism." His conclusions are rather bleak: while Labor has probably done as well or better than would its Opposition, there is much evidence of shortsightedness and unclear thinking; little has been done to crack the basic problem of industrial productivity and foreign trade relations.
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