Monopolies and the People. By George Whiting Baker. (G. P.
Putnam's Sons.)—It is interesting to see the problems which are perplexing us on this side of the Atlantic, causing at least equal difficulties on the other, and to note how they are there dealt with. Naturally, there are many details in the American phase of these problems on which we are not competent to pronounce an opinion ; but the general aspect is the same. It is, therefore, interesting to find that a thoughtful and well-informed writer has come to con- clusions which are distinctly opposed to the laisser-faire theory. " The only remedy for the evils of monopoly must come from the popular will, expressed in direct action by the Government." This action may consist in checking the intensity of competition, the only way, Mr. Baker thinks, in which competition can be kept alive, or by taking monopolies into its own hands, or by subjecting it to official supervision. Mr. Baker, after laying down principles
relating to sovereign rights and private property, proceeds to develop some plans for the control of monopolies. Both his theoretical and practical remarks will well repay study.
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