The 1945 policy statement of the Labor Party was called "Let Us Face the Future." It dotted all the _i_'s and crossed all the _t_'s in Labor's program. The statement began with a good word for freedom, always highly esteemed by political parties seeking power. But it added an interesting comment. "There are certain so-called freedoms that Labor will not tolerate; freedom to exploit other people; freedom to pay poor wages and to push up prices for selfish profits; freedom to deprive the people of the means of living full, happy, healthy lives." The statement went on to promise full employment, to be achieved through the nationalization of industry; the fullest use of national resources; higher wages; social services and insurance; a new tax policy; and planned investment. There was to be extensive replanning of the national economic effort and a "firm constructive government hand on our whole productive machinery." The Labor Party's ultimate purpose at home was "the establishment of a Socialist Commonwealth of Great Britain--free, democratic, efficient, progressive, public spirited, its material resources organized in the services of the British people." In 1948 Harold Laski, the Labor Party's ideological mentor, said in the course of the Fabian Society Lectures that the party was "trying to transform a profoundly bourgeois society, mainly composed of what Bagehot called 'deferential' citizens, allergic to theory because long centuries of success have trained it to distrust of philosophic speculation, and acquiescent in the empiricist's dogma that somehow something is bound to turn up, a society, moreover, in which all the major criteria of social values have been imposed by a long indoctrination for whose aid all the power of church and school, of press and cinema, have been very skillfully mobilized; we have got to transform this bourgeois society into a socialist society, with foundations not less secure than those it seeks to renovate." Doubtless these ominous words failed to penetrate into the clubs and boardrooms that were the sanctums of the former ruling class. But it was hardly necessary that they should. The businessmen and the Conservative politicians understood Harold Laski's objectives. Nationalization of industry is the most widely advertised economic result of Labor policies between 1945 and 1951. In assessing its effect on the changes in Britain since 1939, we must remember that neither was it so new nor is it so extensive as Americans believe. The British Broadcasting Corporation was created as a public corporation as long ago as 1927. Today most manufacturing in Britain remains in the control of private enterprise.