Mr. Richard Marsh Advocates Competition

The scan: The Week v6 no15.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.

The extent to which Labour has adopted Tory criteria in relation to nationalization is shown by a recent item in the Financial Times: "Mr. Richard Marsh, Minister of Power, last week replied to critics of cértain appointments to the Organising Committee for the National Steel Corporation. Many of the arguments were "indicative of some of the mythology which surrounds public owmership", he told a meeting in London of the National Federation of Scrap Iron Steel and Metal Merchants, "We really must get rid of the idea that taking an industry into public ownership places it in an economic vacuum where it can be isolated from the chilly winds of commercial competition", he: continued, "When the Government decided to nationalise the steel industry it decided it was going into business, and that is the only successful approach to running an industry like this, regardless of who owns it."