Steel was always the controversial nationalisation. And the very controversial renationalisation, opposed even by two Labour MPs. Whatever happened to Woodrow Wyatt and John Stonehouse?
Well, it doesn't look so controversial now. How has privatisation worked out? And how much would a second renationalisation cost, especially by comparison with the cost of clearing up this mess?
Presumably, although after this week it is a big presumption, we would not ask or allow the Chinese to build the Trident white elephant.
But it is control of our own steel industry, especially since we have the resources to exercise such control, that is genuinely central to our national security.
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