"It has become entirely clear that we must have government supervision of the capitalization, not only of public-service corporations, including, particularly, railways, but of all corporations doing an interstate business. I do not wish to see the nation forced into the ownership of the railways if it can possibly be avoided, and the only alternative is thoroughgoing and effective legislation, which shall be based on a full knowledge of all the facts, including a physical valuation of property. This physical valuation is not needed, or, at least, is very rarely needed, for fixing rates; but it is needed as the basis of honest capitalization."
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"The myths about the evils of the Community grow ever more manifold as day passes day. We are told that it would prevent any advance of public ownership. What happened to British Leyland during the pas…"
"We agree with the statement contained in the encyclical Quadragesimo Anno, written by Pope Leo XIII, that "anything which dominates the life of the community should be owned by the community." That is…"
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