Regulation of Railways, Including a Discussion of Government Ownership Versus Government Control

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Therefore, it is extremely desirable that even while the war is going on the people of the United States should be giving in- telligent and profound consideration to the economic phases of the question of government ownership versus government regulation. A mistake in the way they set- tle the railroad question might largely determine the results to them of the great commercial and industrial struggle which is approaching. Congress has created a joint committee of senators and representatives t...o study the entire railroad problem. Among the things it is specifically directed to investigate is "the compara- tive worth and efficiency of government regulation and control as compared with government ownership and operation." Considerable testimony on this point al- ready has been introduced before it; and much more probably will be introduced when it resumes its hear- ings.
CHAPTER XII GOVERNMENT REGULATION VERSUS GOVERNMENT OWNERSHIP (contimied) II. Efficiency of PEob.ucTioN as Affected by Priva'tb OB Government Management Many seem to believe that practically the only eco- nomic question involved is whether government regu- lation or government ownership will contribute more effectively toward an equitable distribution of wealth.


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