[Problems of Poverty by John A. Hobson]@TWC D-Link bookProblems of Poverty CHAPTER X 15/24
Art galleries, free libraries, schools of technical education, are beginning to spring up on all sides.
Municipal lodging-houses are in working at London, Glasgow, and several other large towns. In every one of these cases, two forces are at work together, the pressure of an urgent public need, and the perception that private enterprise cannot be trusted to satisfy their need on account of the danger of monopoly.
How far or how fast this State or municipal limitation of private enterprise and assumption of public enterprise will proceed, it is not possible to predict.
Everything depends on the two following considerations-- First, the tendency of present private industries concerned with the supply of common wants of life to develop into dangerous monopolies by the decay of effective competition.
If the forces at work in the United States for the establishment of syndicates, trusts, and other forms of monopoly, show themselves equally strong in England, the inevitable result will be an acceleration of State and municipal socialism. Secondly, the capacity shown by our municipal and other public bodies for the effective management of such commercial enterprises as they are at present engaged in. Reviewing then the mass of restrictive, regulative, and prohibitive legislation, largely the growth of the last half century, and the application of the State and municipal machinery to various kinds of commercial undertakings in the interest of the community, we find it implies a considerable and growing restriction of the sphere of private enterprise. Sec.6.The "Socialism" of Taxation--But there is another form of State interference which is more direct and significant than any of these.
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