So far I go with the Socialists as to think it a pretty…
“So far I go with the Socialists as to think it a pretty general rule that, where monopoly is necessary, it is better in public hands.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
When competition eliminates choice, public ownership can better serve the common good.
In simple terms: Public control can curb monopoly.
Key Takeaway
Public ownership may benefit society.
Themes
economics
public policy
monopoly
social welfare
Mood
analytical
critical
Type
philosophical
policy
When to use this quote
- regulating utilities
- healthcare policy
Key Concepts
public vs private ownership
Practical Applications
- policy analysis
- economic debate
Questions to Reflect On
- When is public ownership preferable?
- What are the risks of state control?
A Different Perspective
Private innovation can also mitigate monopoly harms.