Remember all that Marxist/Leninist guff, circa a century ago, about public ownership of the ‘commanding heights’ of the economy? If you think it went out with privatisation of Telstra, the Commonwealth Bank, Qantas, electricity businesses and so on … think again.

Traces of Marxist doctrine linger in the Australian Labor Party’s statement of objectives and principles, where we find that as a “democratic socialist” party the ALP aims to “socialise industry, production, distribution and exchange, to the extent necessary …”.