In sundry European countries, but more especially in Britain, because Britain is the most completely Capitalist of all, there has arisen a practical demand for the “ Nationalization “ of certain great industries.

This demand is certain to be pressed in the case of several industries—notably railways and mines—to an issue ; and the effort will probably be a victory for those who demand Nationalization. For these have the power of forcing the victory, and their opponents have no effective defence in action. It behoves us, therefore, to examine the origin, motive, object, and— what is most important of all—probable result of this policy.