The Industrial Republic a Study in Industrial Economics
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In our eReader you can find the full English version of the book. Read The Industrial Republic a Study in Industrial Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Industrial Republic a Study in Industrial Economics
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By enforcing the duty of pajdng taxes sufficient security is given to enable the people to get such additional capital as they may require at even better than the current rate of interest, and at the same time, give it no voice in the government as capital. Without the power of taxation or compulsory savings, capital could not be obtained without representation or addi- tional security of some sort, and it would [43] THE INDUSTRIAL REPUBLIC have to have direct representation in the Government. ...It is the desire of the workers that this same condition should exist in industry. In order to obtain this condition by honest methods, sufficient security must be given to capital required in the Industry, to secure it at the current rate of interest, without necessarily giving it a voice in the management to insure its safety.
The only possible way to do this and still have the workers in control of the industry the same as they are in control of the Government and with the same kind of equality of representation, would be for the workers to save and jointly pledge their savings to the development of the business so that other capital which they require is satisfactorily safeguarded to such an extent that a sufficient number of people will loan the required capital to the industry without requiring any representation.
What to read after The Industrial Republic a Study in Industrial Economics?
You can find similar books in the "Read Also" column, or choose other free books by Paul Weeks Litchfield to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
By enforcing the duty of pajdng taxes sufficient security is given to enable the people to get such additional capital as they may require at even better than the current rate of interest, and at the same time, give it no voice in the government as capital. Without the power of taxation or compulsory savings, capital could not be obtained without representation or addi- tional security of some sort, and it would [43] THE INDUSTRIAL REPUBLIC have to have direct representation in the Government. ...It is the desire of the workers that this same condition should exist in industry. In order to obtain this condition by honest methods, sufficient security must be given to capital required in the Industry, to secure it at the current rate of interest, without necessarily giving it a voice in the management to insure its safety.
The only possible way to do this and still have the workers in control of the industry the same as they are in control of the Government and with the same kind of equality of representation, would be for the workers to save and jointly pledge their savings to the development of the business so that other capital which they require is satisfactorily safeguarded to such an extent that a sufficient number of people will loan the required capital to the industry without requiring any representation.
What to read after The Industrial Republic a Study in Industrial Economics?
You can find similar books in the "Read Also" column, or choose other free books by Paul Weeks Litchfield to read onlineMoreLess
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