The Socialists, when planning nationalisation, paid little attention to the all-important human factor. There was a vague optimism among the theorists of Socialism that once an industry was transferred from private to public ownership a complete change would come over the outlook of all those engaged in the industry. Their attitude would become one of devotion to the public good. Sordid motives would disappear with the disappearance of the capitalist. A selfless race of managers would appear, whose object would be to manage the industry for the benefit of the community. The nationalised industries would, in their morale and outlook on life, provide a startling contrast to private enterprise, which was dominated by greed and the profit motive.
KeywordsBoard Member Trade Union Private Enterprise Industrial Worker Senior Officer
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