"North Sea oil could be a mask which conceals the decline of our economy. Don't think it will necessarily solve our problems. Britain was in a process of de-industrialization and it was essential that the revenue from oil should be used for reinvestment in industry. I have seen industry after industry in this country upon which our living standards rest going down because of the lack of investment. I have seen it in shipbuilding, aircraft, machine tools, the motor industry, motor cycles and electronics. Public investment and ownership were critical parts of the recovery of a society whose living standards and public service rested upon manufacturers."

“Workers now have, through interdependence, enormous negative power to dislocate the system. Workers' control—if it means the power to plan their own work and to hire and fire the immediate plant management just as M.P.s are now hired and fired by the voters—converts that existing negative power into positive and constructive power. It thus creates the basis of common interest with local managers struggling to make a success of the business and to get devolved authority from an over-centralized bureaucratic board of management now perhaps sitting on them from above.”

“There can be no greater friend of Israel in this House than I am. I say that quite sincerely. I have pressed that Israel should have arms in the present situation. I believe that if ever there was a case for it, it is today, with the massive supply of Russian war materials now going into Egypt, and that Israel should have more arms at once.”

“We have come to the end of a chapter in our industrial history. The industrial system to which the Tory Party adheres—at least officially and in its manifestos—has failed us. ... It is no use blaming working people or the unions if they have to work in ancient factories with obsolete equipment producing old-fashioned goods at unecomonic prices and earning low wages as well. Working people not only are not responsible for the weakness of British manufacturing industry. They have hitherto been denied the tools and tackle that they needed to put it right. ... We have got to make a fresh start now. We have got to get investment up, and to get it up as soon as we can. If the market economy cannot or will not give us that investment, we must do it direct.”

“He was preaching socialism long before Marx, Stalin or Brezhnev. He said things would not go well for England until all property was held in common. He was hanged, they cut his stomach out and he was drawn and quartered, his body cut into four pieces. That was the way they treated the Militant Tendency in 1381.”

“In developing our industrial strategy for the period ahead, we have the benefit of much experience. Almost everything has been tried at least once...The one constant element throughout this long history of policy has been the fact that these alternatives have been largely centrally decided and imposed and have been seen as problems of economics and management rather than as problems of politics and consent...Any constructive long-term industrial strategy must be developed by the longer, slower route of real consultation and power sharing, all done more openly. There is no alternative.”

“Had a long talk to the Chinese First Secretary at the embassy — a very charming man called Liao Dong — and said how much I admired Mao Tse tung or Zedong, the greatest man of the twentieth century. He said that I couldn't admire Mao more than he did. I asked him how Mao was viewed now. He said Mao was 70 per cent right and 30 per cent wrong; the Cultural Revolution didn't work. He said he had been named after Mao — it was amusing.”