Newton on Keynes
[…] wrote in 1926) that ‘many big undertakings’ (notably public utilities) ‘need to be semisocialised’,4 in the form of semi-autonomous public corporations. But in organizations such as the BBC, the Bank of England, the Port of London Authority, ‘the big utility enterprise’ and ‘big insurance’ firms, and even the railway companies, Keynes identified a tendency […]