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This chapter begins with an excerpt from a speech given at Ruskin College in 1976 by James Callaghan, focusing on the structure and role of the education system in Britain at that time. It provides an analysis of three key texts, the Ruskin speech, the Great Debate which followed, and the Government Green Paper, 'Education in schools' published in 1977. The author believes that these three texts played an important role in the foundation of a new consensus in education, the need for a stronger vocationalist element in schools. The chapter discusses the discourse on the school industry link and the fact that this discourse is largely political in nature. The author also looks at the structuralist scenario of the new vocationalism discourse and the notion that particular policy ideas have certain economic conditions of existence. The author highlights that the repositioning and restructuring of education involves changing the nature of its relative autonomy, with it now seen as a commodity. The effects of privatisation in the form of selling off assets and marketisation, in the introduction of market forces into education are also discussed, as well as differentiation, vocationalism and proletarianisation.