As per the Conference Delegate's Report. The Labour Party is a socialist party committed to democracy, human rights and the promotion of human welfare. Labour recognises that the capitalist economic system based on the private ownership of the means of production, distribution, and accompanying financial system, has historically provided for an expansion of output and hence a basis for higher living standards. It has, nevertheless, always been associated with successive booms and slumps, periodic mass unemployment, social deprivation and gross inequalities in the distribution of wealth, income and opportunities for social improvement. Capitatalism is motivated by the pursuit of private profit. This motivation can sometimes stimulate initiative and enterprise. It can also lead to catastrophic downturns in economic activity and has been an important factor contributing to war. Socialism, based upon public ownership of key sectors of the economy, control of the financial system, and the democratic participation of the workforce in setting and checking of objectives, would provide the basis for steadier expansion, higher living standards, much less inequality and the elimination of periodic mass unemployment. We recongise that private trade and enterprise will continue to occupy an important role in distribution, services, many sectors of manufacturing and some financial services. We are committed to providing an economic and social framework within which private firms will be able to prosper and contribute to public welfare. We seek at all times to promote economic progress, sustained unemployment, and social security affecting health, pensions and disabilities. We will work for equal rights regardless of race, gender, class, age, disability, sexual preference or religion. We recognise the important role of trade unions in protecting and advancing the interests of working people and hence are committed to good international standards on trade union rights, including recognition, collective bargaining, workers' participation in decisions affecting their welfare, and employment rights, including rights in conduct of disputes. Similarly, we recognise the importance of cooperative principles in productive industry, distribution, in the provision of mortgages for housing and in other areas of activity. We encourage the application of cooperative principles. Labour is committed to the maintenance and strengthening of democracy, in which government at all levels is elected by and held accountable to the people. On the basis of these principles Labour seeks the support of the public, and encourages public participation in democratic discussion and the machinery of politics. Castle Point CLP Ceredigion CLP Dagenham & Rainham CLP



