The Vested Interests And the State of the Industrial Arts the Modern Point O
The Vested Interests And the State of the Industrial Arts the Modern Point O
Veblen Thorstein
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The free income which is capitalised in the intangible assets of the vested interests goes to support the well-to-do in- vestors, who are for this reason called the kept classes, and whose keep consists in an indefinitely extensible consumption of superfluities. VI THE DIVINE RIGHT OF NATIONS THIS sinister fact is patent, that the great war has arisen out of a fateful entanglement of national pre- tensions. And it is a fact scarcely less patent that this fateful status quo ante arose out of the... ordinary run of that system of law and custom which has governed human intercourse among civilised nations in our time. The underlying principles of this sys- tem of law and custom have continued to govern hu- man intercourse under a new order of material cir- cumstances which has come into effect since these prin- ciples were first installed. These enlightened prin- ciples that go to make up the modern point of view as regards law and morals are of the eighteenth century, whereas the new order in industry is of the twentieth, and between these two dates lies an in- terval of unexampled change in the material condi- tions of life.
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