Word: ownerships
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Dates: during 1930-1939
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Those in favor of public ownership vociferously pointed out that the Public Works Administration was willing, even eager to lend money, that service rates would be lower since the plants would not operate for profit. Those in favor of private ownership declared just as loudly that the cities, already in financial straits, could not afford to risk deficits in the utility business; that though rates might be lower, city treasuries would sharply miss the taxes now levied on privately-owned plants. After last week's voting, neither side could claim a national victory, but both had things to cheer...
...will have to take place before Akron actually goes into the power & light business. In Sandusky, Ohio the issue was clear. The city decided to build a $1,400,000 light plant to be owned and operated publicly. Fleetwood, Pa. and Cicero, Ind. also voted in favor of public ownership of their power & light plants. In Bradford, Pa., Auburn, N. Y.,Defiance, Ohio, mayors were elected on public ownership platforms...
...Even a small depression in the price level creates a sharp problem in that balance; and when, as is happening today, the producer finds he can make no such concessions as the workers demand, a crisis in the labour market results. Until the abolition of private ownership in production harmonizes the interests of the worker and the producer, our labour market must remain, and will continue to become ever more and more, a vast game of touch and go punctuated by strikes and lockouts. Senator Wagner, the President, and the National Recovery Administration may achieve a temporary compromise...
...similarly applied in the United States. Nor, if his analysis of the instrument be correct, is there any reason to suppose so. What has made capitalism, in the words of G.K. Chesterton "not only a discredited ethic but a bankrupt business" is a technical advance safe only under social ownership, and that advance has been operative even more in these countries than in Germany or Italy. Mussolini and Hitler found their work easier through the existence of large peasant classes, and these classes have no counterpart here or in Great Britain. But the reaction cannot long remain in abeyance...
...solution offered by Mr. Strachey is obvious enough; when interests are too vital for compromise, each side must mobilize its forces and see the struggle through to its conclusion. If the workers are disunited, and the present diffusion of ownership has militated against their unity, Fascism must be the outcome. Mr. Strachey believes that through Fascism the workers will be united for revolution; and though their work will be rendered difficult by the Fascist abolition of the instruments of democracy, the victory must ultimately be theirs. But an ultimate victory may easily become a Pyrrhie...