Effective industrial policy can only be achieved if a variety of forms of common ownership are developed. This will require the introduction of new organisational structures and operational rules; the ‘primary purpose’ of the commonly-owned industries will vary and different patterns will be required for different purposes. A blanket approach is no longer appropriate. The socialisation of industry must therefore be undertaken against a background of change. Changes are needed if public-sector industry is to meet the challenges posed by an advanced society and this must be seen as an opportunity to give positive benefits to consumers, workers and the community.
KeywordsIncome Dition Pyramid Tral Decen
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