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cherish the hope that private inititive can survive subsidized government competition.”
No Room For Complacency
Electrical World recently ran a thoughtful editorial in which it said that many now seem to feel that the threat of further socialization of the power industry has been largely eliminated, because Of the present attitude toward private, taxpaying enterprise.
Despite the changes that are appearing in the federal electric power policy, powerful socialist groups still exist—both inside and outside the government. They aren’t going out of business. They are still waiting their chance—and they are still working with full vigor to bring about a
will either own almost everything or, at least, boss everything.
The socialists have only to win once—and then it takes a revolution
them. Here is an outstanding case where eternal vigilance is the price of liberty. There’s no room for complacency now, and it’s not likely there ever will be.
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