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nydus/Monopolies and the PeoplePublic

Charles Whiting Baker examines the status, growth, and impact of monopolies across various industries. He discusses the causes and potential remedies for these economic entities, utilizing available statistics and practical observations to argue that monopolies are an enduring feature of the current industrial landscape.

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Table of Contents

XVI. PRACTICAL PLANS FOR THE CONTROL OF MONOPOLIES.

There is already a widespread movement toward taking the control and operation of these out of the hands of private corporations, and placing it directly with the city government, and progress in this direction is very rapid. The author believes, however, that the general law already stated is applicable here. If the public works of States and of the nation are more economically and efficiently managed when in the hands of private parties, it is surely unwise, as a general rule, to entrust the operation of municipal works to the average city official. While it is in the highest degree desirable that water-works, gas, and electric-lighting plants, street railways, and the other municipal enterprises, discussed in Chapter V., should be owned by the municipality, their operation, in cases where the employment of considerable labor and the carrying on of intricate business and mechanical operations is involved, should in general be entrusted to private companies. In every case where the financial condition of the municipality obliges it to rely at first upon private corporations for the construction and ownership of its public works, the franchise should expire at the end of a short term of years, and the city should

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