Socialism Revolution And Internationalism a Lecture Delivered in Paris Novemb

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Socialism Revolution And Internationalism a Lecture Delivered in Paris Novemb
Gabriel Deville
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The success of a business in former times depended upon the energy and skill of its proprietor, just as it sometimes does to-day in small manufacturing or mercantile establishments. Since the introduction of stock companies, the producing or- ganism is no longer affected by the personal traits of those who own it; it does not know the shareholder, the present multiple proprietor, any more than the latter 27 - knows his property; it functions independently of him, and does not feel his influence..., so that even a change of ownership has no effect upon it. The former functions of the proprietor are at the present time performed by wage-workers, trained engineers or managers, more or less well paid, but still wage-workers. In place of the managing proprietor, we have then a salaried manager, and he is a better manager because he is only a salaried employee, as M. De Molinari admits, when he writes: "All that is requisite is for him to possess the ability, knowledge and character demanded for his functions, and these are all qualities which are more easily and cheaply obtained on the market, divorced from capital than united to it.

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