Front Page Titles (by Subject) CHAPTER I: TWO PRECEPTS - Where and Why Public Ownership has Failed
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CHAPTER I: TWO PRECEPTS - Yves Guyot, Where and Why Public Ownership has Failed 
Where and Why Public Ownership has Failed, trans. H.F. Baker (London: Macmillan, 1914).
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Neither national nor local governments should attempt that which can be done by individuals: says the economist.
Labor for personal profit must be replaced by labor for the sake of service: answers the Socialist.
Experiments in the way of nationalization and municipalization of public utilities, with the Socialist ideal in view, have been sufficiently numerous. Do they warrant the decision that nations and municipalities have reaped the advantages promised by their advocates? This question—primarily a psychological one—we are going to try and answer in the following pages.