“I certainly think that a Labour Government will have to have effective powers to control the outflow of capital.”

—  Michael Foot

Source: On Election Call (21 February 1974)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I certainly think that a Labour Government will have to have effective powers to control the outflow of capital." by Michael Foot?
Michael Foot photo
Michael Foot 54
British politician 1913–2010

Related quotes

Karl Marx photo

“We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market, it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.”

Karl Marx book Das Kapital

Source: Das Kapital (Buch II) (1893), Vol. II, Ch. X, p. 211.

Adam Smith photo

“The greatest improvement in the productive powers of labour, and the greatest part of skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labour.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter I, p. 7

Tony Benn photo

“It takes powers which are permanent—this is not a temporary provisions Bill—and cover all fuels. I welcome the Bill because it will enable a Labour Government to do all they want under Labour's programme for Britain…It will give us the power to control all the oil companies, all the multi-nationals, to fix their prices and their distribution systems; and under these powers every other fuel and its use, including the chemical industry, will be brought within the control of the Government of the day. This will include road transport and private transport.”

Tony Benn (1925–2014) British Labour Party politician

Speech in the House of Commons (26 November 1973) http://hansard.millbanksystems.com/commons/1973/nov/26/fuel-and-electricity-bill on the Conservatives' Fuel and Electricity (Control) Bill
1970s

Jacinda Ardern photo

“One of my roles was consulting other political parties to ensure that support was there to pass a legislative agenda. That is absolutely not new. What has changed over time is the way that those relationships have evolved. The processes, I think, have become a lot more refined. We’re probably a lot more effective and efficient in the way that we conduct coalition governments now, and certainly you’ll see that I think we will make sure that we run a very efficient, effective government.”

Jacinda Ardern (1980) Prime Minister of New Zealand

Interview with Lisa Owen at Newshub Nation, 21 October 2017

Milton Friedman photo

“They think that the cure to big government is to have bigger government… the only effective cure is to reduce the scope of government - get government out of the business.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Milton Friedman - Big Business, Big Government http://www.youtube.com/watch?v=R_T0WF-uCWg

Terry Eagleton photo

“Capitalism is the sorcerer's apprentice: it has summoned up powers which have spun wildly out of control and now threaten to destroy us. The task of socialism is not to spur on those powers but to bring them under rational human control.”

Terry Eagleton (1943) British writer, academic and educator

Source: 2010s, Why Marx Was Right (2011), Chapter 10, p. 236

Dora Russell photo

“We have never yet had a Labour Government that knew what taking power really means; they always act like second-class citizens.”

Dora Russell (1894–1986) author, feminist, socialist campaigner

As quoted in The Observer (30 January 1983)

Denis Healey photo

“No. Absolutely not. I think that the Russians are praying for a Labour victory…praying is perhaps an unfortunate choice of words. I think that they would much prefer a Labour government and that the idea that they would prefer a Tory government, I think is utter bunkum, and they [the Soviets] authorized me to say so.”

Denis Healey (1917–2015) British Labour Party politician and Life peer

Answering a suggestion that the Soviets would prefer a Conservative government led by Margaret Thatcher than a Labour government headed by Neil Kinnock at a press conference in Moscow after a meeting with Anatoly Dobrynin (11 May 1987), quoted in E. B. Geelhoed, Margaret Thatcher: In Victory and Downfall, 1987 and 1990 (Greenwood, 1992), pp. 120-1.
1980s

Karl Marx photo

“The labour-power is a commodity, not capital, in the hands of the labourer, and it constitutes for him a revenue so long as he can continuously repeat its sale; it functions as capital after its sale, in the hands of the capitalist, during the process of production itself.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. II, Ch. XIX, p. 384.
(Buch II) (1893)

Theodore Roosevelt photo

“In the end I have always believed that it would also be necessary to give the National Government complete power over the organization and capitalization of all business concerns engaged in inter-State commerce.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

Appendix A
1910s, Theodore Roosevelt — An Autobiography (1913)

Related topics