This Is The Beginning Of A Failed Socialist Dogma.
"...represented a centralizing, managerial, bureaucratic style of government. Already large and unwieldy after its expansion in two world wars, the British Government very soon jammed a finger in every pie. It levied high rates of tax on work, enterprise, consumption and wealth transfer. It planned development at every level-urban, rural, industrial and scientific. It managed the economy macro-economically by Keynesian methods of fiscal manipulation, micro-economically by granting regional and industrial subsidies on a variety of criteria."
The Leftie's nemesis, a deserved Baroness, Lady Thatcher.