An Inquiry into the Nature of Peace and the Terms of Its PerpetuationVeblen, Thorstein
Philosophy
An Inquiry into the Nature of Peace and the Terms of Its Perpetuation
Veblen, Thorstein
Peace; World War, 1914-1918 -- Peace
The generalisation so offered, touching the material conditions of life
for the common man under the modern rule of big business, may seem
unwarrantably broad. It may be worth while to take note of more than one
point in qualification of it, chiefly to avoid the appearance of having
overlooked any of the material circumstances of the case. The "system"
of large business, working its material consequences through the system
of large-scale industry, but more particularly by way of the large-scale
and wide-reaching business of trade in the proper sense, draws into the
net of its control all parts of the community and all its inhabitants,
in some degree of dependence. But there is always, hitherto, an
appreciable fraction of the inhabitants--as, e.g., outlying agricultural
sections that are in a "backward" state--who are by no means closely
bound in the orderly system of business, or closely dependent on the
markets. They may be said to enjoy a degree of independence, by virtue
of their foregoing as much as may be of the advantages offered by modern
industrial specialisation. So also there are the minor and interstitial
trades that are still carried on by handicraft methods; these, too, are
still somewhat loosely held in the fabric of the business system. There
is one thing and another in this way to be taken account of in any
exhaustive survey, but the accounting for them will after all amount to
nothing better than a gleaning of remnants and partial exceptions, such
as will in no material degree derange the general proposition in hand.
Public-domain text, read in full here on John Shaqi.
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