"Well no, a purely socialist government doesn't. Nor does..."
Rampant protectionism and trying to run the UK as a command economy - it wasn't labour governments doing that most of the time.
The reality is that the UK has lurched so far to the right since the 1950s that even "lefty labour" is only slightly left-leaning. I just hope that the western world doesn't sleepwalk into totalitarian government being in charge.