Earlier quoted context omitted.
> Possibly more importantly, public fields give you no way to create immutable types. public readonly int Foo; readonly fields can only be set in the constructor, great for immutable types and with much better guarantees than protected/private/no setters.
And when you want to make Foo no longer a primary value and instead calculated from some other field? When you want to add logging to every change of Foo? Every access? When you want to switch to having Foo's value come from a database? Web service?
The only exception here is for public APIs, but that's a minority of projects.