“What has changed in the situation to cause Wilson and the other Labour leaders to adopt capitalist policies which have proved to be disastrous to the working class in the last twenty years, and have not even solved the problem from a capitalist point of view?” Asked Ted Grant in 1966 while analysing the about-face in policies by the Labour government, “Wilson and the other leaders of the Labour Party, have forgotten the elementary principles of socialism. They had the illusion that they could run the capitalist economy better than the representatives of capitalism.” A warning that could well fit for today's Labour leaders.

Also you can also read the article in the Ted Grant Archive