from Part II - Governance
Published online by Cambridge University Press: 28 March 2008
AN OVERALL PERSPECTIVE: FROM INVIOLATE PROPERTY TO NATIONALISATION
The growth of the urban infrastructure was the most dynamic element in the British economy from the 1870s to the 1930s. Even if one ignores housing, the investment in public health, local transport, policing, water, electricity and gas was accounting, by the early 1900s, for one quarter of all capital formation in Britain and the local government component of that was nearly as large as the annual investment by the whole of manufacturing industry. The mushrooming of electricity systems, waterworks, tramways, harbours and gasworks was a key element, and the interplay between their economic development and the interests of parliament and town councils is the subject of this chapter. Superficially it appears to be about ideology, and municipal socialism in particular. In practice this had a limited role. Certainly there were fears about the growth of government. In 1900 Lord Avebury listed his objections to municipal trading as:
1) The enormous increase in debt …;
2) The check to industrial progress;
3) The demand on the time of municipal councillors …;
4) The undesirability of involving Governments and Municipalities …in labour questions;
5) The fact that the interference with natural laws …[defeats] …the very object aimed at;
6) The risk, not to say, certainty of loss.
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