Leader Bill Shorten as well as dozens of State Ministers and MPs. The current National President is Jason Byrne from South Australia. Networks The Australian Labor Party is beginning to formally recognise single interest groups within the party. The national platform currently encourages state branches to formally establish these groups known as policy action caucuses. Examples of such groups include the Labor Environment Action Network, Rainbow Labor, Labor For Choice, Labor Women's Network, Labor for Drug Law Reform Labor for Refugees, Labor for Housing, Labor Teachers Network, Aboriginal Labor Network, and recently, Labor Enabled - the action group for Disability Advocacy The Tasmanian Branch of the Australian Labor Party recently gave these groups voting and speaking rights at their state conference. Ideology and factions Labor's constitution has long stated: "The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields". This "socialist objective" was introduced in 1921, but was later qualified by two further objectives: "maintenance of and support for a competitive non-monopolistic private sector" and "the right to own private property". Labor governments have not attempted the "democratic socialisation" of any industry since the 1940s, when the Chifley Government failed to nationalise the private banks, and in fact have privatised several industries such as aviation and banking. Labor's current National Platform describes the party as "a modern social democratic party". Observers have also described it as social-democratic in contrast to democratic socialism. Factions The Labor Party has always had a left wing and a right wing, but since the 1970s it has been organised into formal factions, to which party members may belong and often pay an additional membership fee. The two largest factions are the Labor Left and the Labor Right, led by Anthony Albanese and Bill Shorten, respectively. The Labor Right generally supports free-market policies and the US alliance and tends to be conservative on some social issues, whilst the Labor Left favours more state intervention in the economy, is generally less enthusiastic about the US alliance and is often more progressive on social issues. The national factions are themselves divided into sub-factions, primarily state-based such as Centre Unity in New South Wales and Labor Forum in Queensland. Those factions tend to occupy social-liberal, and social democratic positions. Some trade unions