The ALP constitution states:

“The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields.”

In practice Labor has been the party of privatisation. The last time they proposed nationalising anything was in 1947, when Chifley wanted to nationalise the banks. It was one reason he lost the election. Continue reading Will Labor dump the Socialist Objective? →