The Labour Party - overview
The Labour Party was formed by James Hardie in 1892 to represent the working class and was more or less the parliamentary wing of the Trade Unions, with whom the party continues to be closely associated. James Ramsay MacDonald became the first socialist Prime Minister in 1924.
The Labour Party is a mass political party of the British workers. It is a reformist party because it is for social reforms, yet against revolutionary change. It advocates a mixed economy, i.e. nationalization of some key industries while leaving the rest of the economy in private hands.
Labour governments introduced several important social reforms, most notably, the National Health Service, the social security system, mass education and the nationalisation of several leading industries. It is the party of social justice as it stresses the importance of the well-being of society rather than individual freedom.
Tony Blair and Gordon Brown - success of the party.
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