--- title: "Meaning & Key Takeaway of: The transfer of Wall Street from private…" description: "\"The transfer of Wall Street from private ownership to public ownership has been a big step backward.\" — John C. Bogle" image: "https://sms4smile.com/quotes/i/d1e/john-c-bogle-2199_bigs_the-transfer-of-wall-street-from-private_1054490.jpg" --- # The transfer of Wall Street from private ownership to… ![“The transfer of Wall Street from private ownership to public ownership has been a big step backward.” quote by John C. Bogle](https://sms4smile.com/quotes/i/d1e/john-c-bogle-2199_bigs_the-transfer-of-wall-street-from-private_1054490.jpg) [Download](https://sms4smile.com/quotes/i/d1e/john-c-bogle-2199_bigs_the-transfer-of-wall-street-from-private_1054490.jpg) [Open image](https://sms4smile.com/quotes/i/d1e/john-c-bogle-2199_bigs_the-transfer-of-wall-street-from-private_1054490.jpg) > “The transfer of Wall Street from private ownership to public ownership has been a big step backward.” [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Public ownership of Wall Street reduces individual accountability and hampers market efficiency. **In simple terms:** Public control can hinder market dynamics. Key Takeaway Advocate for balanced ownership structures. Themes finance regulation market dynamics Mood analytical critical Type economic political When to use this quote - investment strategies - policy debates - corporate governance - financial education Key Concepts economics public policy Questions to Reflect On - What are the trade‑offs of public vs private ownership? - How does ownership affect market innovation? A Different Perspective Critics say public ownership can increase transparency. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Ownership](https://sms4smile.com/quotes/about/ownership/) [Streets](https://sms4smile.com/quotes/about/streets/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [I happen to be a big believer in home ownership. I'm also a big believer that if someone wants to have a crack at…](https://sms4smile.com/quotes/andrew-forrest/i-happen-to-be-a-big-believer-in-home-ownership-i-m-also-a-big/) [Andrew Forrest](https://sms4smile.com/quotes/author/andrew-forrest/) > [Increased public ownership of the economy should be structured to create more worker self-management and control.](https://sms4smile.com/quotes/owen-jones/increased-public-ownership-of-the-economy-should-be-structured-to/) [Owen Jones](https://sms4smile.com/quotes/author/owen-jones/) > [One hundred and fifty years ago the vacant lands of the West were opened to private use. One hundred years ago the Congress passed…](https://sms4smile.com/quotes/john-f-kennedy/one-hundred-and-fifty-years-ago-the-vacant-lands-of-the-west-were/) [John F. Kennedy](https://sms4smile.com/quotes/author/john-f-kennedy/) > [A substantial extension of public ownership is an essential pre-requisite of greater equality of earned income](https://sms4smile.com/quotes/roy-jenkins/a-substantial-extension-of-public-ownership-is-an-essential-pre/) [Roy Jenkins](https://sms4smile.com/quotes/author/roy-jenkins/) > [Socialism without public ownership is nothing but a fantastic apology.](https://sms4smile.com/quotes/michael-foot/socialism-without-public-ownership-is-nothing-but-a-fantastic-apology/) [Michael Foot](https://sms4smile.com/quotes/author/michael-foot/) > [I believe in public ownership, but I have never favoured the remote nationalised model of the postwar era.](https://sms4smile.com/quotes/jeremy-corbyn/i-believe-in-public-ownership-but-i-have-never-favoured-the-remote/) [Jeremy Corbyn](https://sms4smile.com/quotes/author/jeremy-corbyn/) > [During the Soviet era, private ownership was a crime punishable with up to five years in prison.](https://sms4smile.com/quotes/anatoly-chubais/during-the-soviet-era-private-ownership-was-a-crime-punishable-with/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [We have seen that this great labor question cannot be solved save by assuming as a principle that private ownership must be held sacred…](https://sms4smile.com/quotes/pope-leo-xiii/we-have-seen-that-this-great-labor-question-cannot-be-solved-save-by/) [Pope Leo XIII](https://sms4smile.com/quotes/author/pope-leo-xiii/) > [“Communal ownership means that all benefit for a short time; private ownership means that few people benefit over the course of an extended period…](https://sms4smile.com/quotes/eric-robert-morse/communal-ownership-means-that-all-benefit-for-a-short-time-private/) [Eric Robert Morse](https://sms4smile.com/quotes/author/eric-robert-morse/) > [For they have always unanimously maintained that nature, rather the Creator Himself, has given man the right of private ownership not only that individuals…](https://sms4smile.com/quotes/pope-pius-xi/for-they-have-always-unanimously-maintained-that-nature-rather-the/) [Pope Pius XI](https://sms4smile.com/quotes/author/pope-pius-xi/) > [As we settle into 2013, I predict this: We'll see companies that promote this shift from private ownership thrive. More people will be able…](https://sms4smile.com/quotes/lynn-jurich/as-we-settle-into-2013-i-predict-this-we-ll-see-companies-that/) [Lynn Jurich](https://sms4smile.com/quotes/author/lynn-jurich/) > [Private ownership of land is the nether mill-stone. Material progress is the upper mill-stone. Between them, with an increasing pressure, the working classes are…](https://sms4smile.com/quotes/henry-george/private-ownership-of-land-is-the-nether-mill-stone-material-progress/) [Henry George](https://sms4smile.com/quotes/author/henry-george/) > [I think private ownership is generally superior to public because you care about the land more and it doesnt get trashed.](https://sms4smile.com/quotes/john-c-malone/i-think-private-ownership-is-generally-superior-to-public-because-you/) [John C. Malone](https://sms4smile.com/quotes/author/john-c-malone/) > [This country has achieved its commercial and financial supremacy under a regime of private ownership. It conquered the wilderness, built our railroads, our factories,…](https://sms4smile.com/quotes/george-b-cortelyou/this-country-has-achieved-its-commercial-and-financial-supremacy/) George B. Cortelyou > [Once a book falls into our possession, it is ours, the same way children lay their claim: 'That's my book.' As if it were…](https://sms4smile.com/quotes/daniel-pennac/once-a-book-falls-into-our-possession-it-is-ours-the-same-way/) [Daniel Pennac](https://sms4smile.com/quotes/author/daniel-pennac/) ## More by John C. Bogle > [The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one…](https://sms4smile.com/quotes/john-c-bogle/the-basic-idea-of-retirement-income-is-to-me-to-get-a-check-two/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [When you're young, you've got plenty of time to recover from your mistakes.](https://sms4smile.com/quotes/john-c-bogle/when-you-re-young-you-ve-got-plenty-of-time-to-recover-from-your/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.](https://sms4smile.com/quotes/john-c-bogle/i-almost-hate-to-say-how-proud-i-am-of-my-career-and-most-of-all/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. 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