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Municipal Socialism or Local Capitalism

  • Richard Minns
  • Jennifer Thornley

Abstract

The previous chapter examined the recent context of local and regional authority shareholding. This chapter explores the entrepreneurial activities of the state at the local, regional and national levels since the midnineteenth century when the introduction of limited liability in companies reduced the risk to shareholders and enabled the massive investment of private capital in manufacturing industry, the growth of large-scale industry and the growth in the number of companies. In particular, the chapter is concerned with the developing role of the state in individual enterprises at the local, regional and national levels during this developing process of capital accumulation. This provides the historical context for examining the mechanisms of local and regional shareholding in further detail.

Keywords

Local Authority Private Capital State Enterprise Passenger Transport Private Entrepreneur 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Richard Minns and Jennifer Thornley 1978

Authors and Affiliations

  • Richard Minns
  • Jennifer Thornley

There are no affiliations available

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