Beatrice Webb, The History of Trade Unionism
“ For the Trade Unionist objects, more strongly than ever, to any financial partnership with the capitalist employers, or with the shareholders, in any industry or service, on the sufficient ground that any such sharing of profits would, whilst leaving intact the tribute of rent and interest to proprietors, irretrievably break up the solidarity of the manual working class. To the new school of Trade Unionists the nationalisation or municipalisation of industry, or its assumption by consumers’ co-operation, is a necessary preliminary to the partnership of Labour in its government. ”
