The Trusts. What Can We Do With Them? What Can They Do for Us?
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In our eReader you can find the full English version of the book. Read The Trusts. What Can We Do With Them? What Can They Do for Us? 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 Trusts. What Can We Do With Them? What Can They Do for Us?
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To quickly assess the difficulty of the text, read a short excerpt:
Trust owners have their full share of these vices; — doubtless many trusts are inspired by greedy and monopolistic motives. Where such motives exist, true self- interest may be, for a time, at least, overlooked, and extor- tionate prices exacted. If so, there are sure to be, for a time, a lessening of the demand, a decrease in the output, a need for fewer workers, a lowering of wages, and wretchedness of the worst degree. If this policy is inaugurated there is no prospect, — at least as long as... it is continued, — of dis- placed labor obtaining new employment; for instead of the demand being increased, it will be lessened; instead of the manufacturer making more money and having more capital to invest in new enterprises, he will have less.
This will be the result until low prices come as a relief, and the longer that high prices prevail the harder will it be — the less able financially will the manufacturer be — to reduce prices. It is not perfectly satisfactory to say that if we will wait long enough, another policy than high prices will suggest itself to trust owners as being not only to the interest of the public, but to the interest of the trusts themselves; or that, if the trust does not adopt this wiser policy, others will.
What to read after The Trusts. What Can We Do With Them? What Can They Do for Us??
You can find similar books in the "Read Also" column, or choose other free books by Collier, William Miller, 1867-1956 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Trust owners have their full share of these vices; — doubtless many trusts are inspired by greedy and monopolistic motives. Where such motives exist, true self- interest may be, for a time, at least, overlooked, and extor- tionate prices exacted. If so, there are sure to be, for a time, a lessening of the demand, a decrease in the output, a need for fewer workers, a lowering of wages, and wretchedness of the worst degree. If this policy is inaugurated there is no prospect, — at least as long as... it is continued, — of dis- placed labor obtaining new employment; for instead of the demand being increased, it will be lessened; instead of the manufacturer making more money and having more capital to invest in new enterprises, he will have less.
This will be the result until low prices come as a relief, and the longer that high prices prevail the harder will it be — the less able financially will the manufacturer be — to reduce prices. It is not perfectly satisfactory to say that if we will wait long enough, another policy than high prices will suggest itself to trust owners as being not only to the interest of the public, but to the interest of the trusts themselves; or that, if the trust does not adopt this wiser policy, others will.
What to read after The Trusts. What Can We Do With Them? What Can They Do for Us??
You can find similar books in the "Read Also" column, or choose other free books by Collier, William Miller, 1867-1956 to read onlineMoreLess
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