Traditional Labour

People are essentially of equal worth and there should be no unjustified privileges or inequality in society. People are also entitled to equal rights.

Examples:

• Artificial privileges such as inheritance should be removed or reduced.
• Taxation and welfare benefits should be used to reduce differences in real incomes.
• Wealth should not give anyone unjustified access to power.

Most people prefer to achieve goals collectively rather than individually. Man is seen as a social animal or balances his own interests against those of the wider community. The collective provision of welfare should apply to all equally and universally.

Examples:

• There should be a welfare state whereby such goods as healthcare, education, subsidised housing, social insurance, pensions and social care are paid for out of general taxation and all should be equally entitled to their benefits.
• Local government services are a vital aspect of collectivism.
• Workers are best protected by unions rather than through laws protecting individuals. 

Capitalism can be tolerated but only if the exploitation of workers and consumers can be controlled and if private enterprises serves the interests of the whole community.

Examples:

• Key industries including those providing infrastructure, energy and utilities, plus any natural monopolies, should be brought under public ownership and state control.
• Strong trade unions to defend the interests of workers.
• Control over monopoly power.

A belief that all in society should have equal opportunities, should have access to a decent standard of living and should be able to improve their circumstance through their own merit.

Examples:

• Provide education and other welfare benefits to widen personal opportunity.
• The welfare state should guarantee living standards.
• Strong laws to guarantee equal rights and to outlaw discrimination. 

There is a fundamental division in society between classes, mainly the middle and working classes. The differences between classes need to be reconciled. 

Examples:

• The standard of living of the working class to be subsidised through progressive taxation and welfare provisions. 
• Strong trade inions represent the interests of the working class.
• Firm economic management to control unemployment.
• Controls over capitalism to reduce its exploitation of the working class.
• Nationalisation to give the working class a greater stake in the economy.