deal with measures which are at least understandable
and explainable, if not immediately practicable.
Even so, the language of the memorandum is at
times too academic and abstract."

What follows is an attempt to summarize and
simplify the actual proposals of the programme; to
indicate in subsequent chapters very briefly the spirit
which underlies it, and which differentiates it from
American industrial movements.

The chief measures proposed in the Programme
are these:

"The immediate national ownership of rail-
ways, canals, lines of steamships, mines and the
production of electrical power; a united national
service of communication and transport with a
steadily increasing participation of the organ-
ized workers in the management both central
and local; the whole business of the retail distri-
bution of household coal being undertaken as a
local public service by the elected municipal or
county councils; prices to be stabilized as much
as they are in the case of railroad fares."

"The expropriation of profit-making indus-
trial insurance companies."

"The present system of centralized purchase
of raw material and of 'rationing' by joint
committees of the trades concerned; of the
present fixing, for standardized products, of
maximum prices at the factory, at the warehouse
of the wholesale trader and in the retail shop,
to be retained."

All the foregoing aiming, as a first result, at:

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