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| | Spencer, The Man Versus The State, with Six Essays on Government, Society, and Freedom, Essay, Over-Legislation: ... |
 | | In this case of cabs, for example, it has resulted since the late change of law, that old cabs, which were before saleable at £10 and £12 each, are now unsaleable and have to be broken up; and thus legislation has robbed cab-proprietors of part of their capital. |
 | | Again, the recently-passed Smoke-Bill for London, which applies only within certain prescribed limits, has the effect of taxing one manufacturer while leaving untaxed his competitor working within a quarter of a mile; and so, as we are credibly informed, gives one an advantage of £1,500 a year over another. |
 | | It is not only that joint-stock companies do so much; it is not only that by them a whole kingdom is covered with railways in the same time that it takes the Admiralty to build a hundred-gun ship; but it is that public instrumentalities are outdone even by individuals. |
| www.econlib.org /library/LFBooks/Spencer/spnMvS7.html (12959 words) |
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