The Problem of Group Responsibility to Society An Interpretation of the History

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And with this insatiable appetite for more meeting them at every turn, with all control of " their own business" taken out of their hands, through minute regulation or through actual control by the worker: it would indeed be foolish for the capitalists if they did not urge some form of nationalization or other scheme that would give them a secure and permanent income. It is a question at present whether most of the stock-holders in the railroads of this country really would not prefer governmen...t operation and control with a guaranteed rate of interest to the present prospects of increasing rate regulation and ''labor domination. " In England, where the labor movement has attained much greater power, there are many industries that would thus welcome the advent of what is called " state capitalism. " Those captains of industry who have latterly become rather captains of finance would lose interest in the operations of the stock markets so soon as the demand of the worker for security had put a stop to the possibility of flexibly adapting industrial conditions to the business market.

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