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Updated: May 3, 2025
He observes that the State is gradually taking over all the great public utilities and that cities and towns are increasingly municipalizing public services. In the more liberal and democratic countries "the tendency to State property was greeted," he says, "as the beginning of the socialist transformation.
Perhaps Glasgow and Birmingham have gone further in municipalizing monopolies than Londoners have, but the vastness of the scale on which London moves makes it more interesting. Cr.
"Still, I have understood that in the first steps toward the substitution of public business management for private capitalism, consisting in the nationalizing or municipalizing of quasi-public services, such as gas works, railroads, telegraphs, etc., some theory of compensation was followed.
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