First off Don, I think the butterscotch micarta is cool.. I look for older knives with the Westinghouse micarta too..
Micarta and Bakelite are two separate materials... Bakelite has been used on knife handles, but it really isn't well suited for it.. It can chip, split, or crack just like some modern day plastics would... Bakelite is often confused with plastic but it really isn't... You never see "seems" on Bakelite because it is sort of carved into shape, rather molded or poured like modern day plastic.. It can be made in solid colors or blended to have amazing patterns or "burls"... It first found use in the military, then consumer products because it doesn't conduct heat or electricity...
Micata is made by mixing cloth, paper, carbon fiber etc and then layering it, or mixing it with resins... Like making fiberglass...
Both materials age well... I love them both, but personally wouldn't use bakelite on a knife... JMO... Best Regards, Rich Slaughter