The Menace of the Trusts And How to Deal With It
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In our eReader you can find the full English version of the book. Read The Menace of the Trusts And How to Deal With It 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 Menace of the Trusts And How to Deal With It
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It is folly to attempt to arrest this natural economic evolution. The wise course is for the community to appro- priate the advantages, and to prevent the abuse of monopoly for private profit. Let us try to enumerate some of the dis- advantages of competition and some of the advantages of production on an extensive scale.
We are not concerned in this pamphlet with the argument that competition is essential as an incentive both for capitalists and workmen to put forward their best efforts. Wheth...er competition in industry be good or bad it is being irrevocably superseded by the inevitable form which industrial operations tend to assume. That there are certain advantages in com- petition nobody will deny, but the waste which the system necessarily involves outweighs any other advantages which may accrue.
WHY TRUSTS AEE FOEMED.
The progress of invention makes the use of extensive machinery necessary for economical production. The cost of such machinery, and the necessity for replacing it when improved machines come upon the market, requires the employ- ment of a larger unit of capital than was formerly the case.
What to read after The Menace of the Trusts And How to Deal With It?
You can find similar books in the "Read Also" column, or choose other free books by Philip Snowden Snowden to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is folly to attempt to arrest this natural economic evolution. The wise course is for the community to appro- priate the advantages, and to prevent the abuse of monopoly for private profit. Let us try to enumerate some of the dis- advantages of competition and some of the advantages of production on an extensive scale.
We are not concerned in this pamphlet with the argument that competition is essential as an incentive both for capitalists and workmen to put forward their best efforts. Wheth...er competition in industry be good or bad it is being irrevocably superseded by the inevitable form which industrial operations tend to assume. That there are certain advantages in com- petition nobody will deny, but the waste which the system necessarily involves outweighs any other advantages which may accrue.
WHY TRUSTS AEE FOEMED.
The progress of invention makes the use of extensive machinery necessary for economical production. The cost of such machinery, and the necessity for replacing it when improved machines come upon the market, requires the employ- ment of a larger unit of capital than was formerly the case.
What to read after The Menace of the Trusts And How to Deal With It?
You can find similar books in the "Read Also" column, or choose other free books by Philip Snowden Snowden to read onlineMoreLess
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