Page:A hundred years hence - the expectations of an optimist (IA hundredyearshenc00russrich).pdf/219

 dispensed with, because almost every transaction would be effected by means of orders on the national treasury, the State owning practically everything. Some visionaries have long included the abolition of money in their schemes for the immediate economic improvement of the race. But the disuse of a currency is not really a means to any end. It is only an effect which may or may not arise out of certain alterations in commercial method.

There are signs that the people are already growing tired of the extravagance attached to the system of State, and even of municipal, trading and this fact makes socialism improbable. Constant complaints are heard about such things as municipal tramways and municipal gasworks, and the proposal to transfer the entire working of telephones to the Government has been fiercely opposed. Where the post-office works telephones side by side with a telephone company, as in London, there is no indication that the public prefers the Government service before the private service; and it is admitted that tramways privately owned work more cheaply and yield better returns on their capital than municipal tramways. Any interference of the State in matters that could practically be left to private enterprise provokes incessant complaint. When continued and developed, however, this interference has a vicious habit of extending itself