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Updated: June 29, 2025
Certainly the nation was behind it." "What year was the Two-Thirds Majority Bill passed?" asked Percy. "Oh! long before within a year or two of the fall of the House of Lords. It was necessary, I think, or the Individualists would have gone raving mad.... Well, the Necessary Trades Bill was inevitable: people had begun to see that even so far back as the time when the railways were municipalised.
He must therefore turn his back upon the inventor and approve of nothing which has not been shown to be a great success elsewhere. This means that the socialised and municipalised enterprises must always lag behind those depending upon private effort; and the country which imposes disabilities on the latter must, for a time at least, lose its lead in the industrial race.
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