Inventors And Money-Makers; Lectures On Some Relations Between Economics And Psychology Delivered At Brown University in Connection With the Celebration of the 150th Anniversary of the Foundation of the University
Inventors And Money-Makers; Lectures On Some Relations Between Economics And Psychology Delivered At Brown University in Connection With the Celebration of the 150th Anniversary of the Foundation of the University
F W Frank William Taussig
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It is not merely money-making in itself, or the motives usually associated with it, that lead the trust magnate to crush a rising competitor. To no small degree, it is the instinct to suffer no opposition to control. So far from being avowed, this impulse as a rule is not even consciously felt by the very persons whom it moves. They will talk of the economies to be expected from large- scale operation and consolidation, of the wastes of competition, of better service, lowered prices, and what n...ot. Yet in truth the schemes for overpowering combinations are to a great degree mere manifestations of megalomania. The instinct of domination, further, helps to explain the intemperate opposition to trade-unions which is almost invariably shown by the business leader. I have already noted how the instinct of contrivance causes him to resent the restrictive policies of unions. At least equally significant in explaining his attitude is the love of power. He wants to "run his own business." This is by no means [93] INVENTORS AND MONEY-MAKERS inconsistent with a genuine concern for the well-being of his workmen.
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