"I therefore think that our negotiations have achieved a satisfactory prospectus for an electable left-of-centre alternative to Thatcherism. And that was what the SDP was always intended to be: a party which was free alike of proletarian sullenness or of bourgeois triumphalism and which challenged both the old arrogance that the establishment always knows best and the new heresy that the mystical entity of "the market" can run everything. A controlled economy is not much good at producing consumer goods. But "the market", in terms of protecting the environment or safeguarding health, schools, universities or Britain's scientific future, cannot run a whelk-stall. And if asked which is under greater threat in Britain today, the supply of consumer goods or the nexus of civilized public services, I unhesitatingly answer the latter."
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