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
This enterprise was highly successful and exceedingly profitable, even
beyond the high average of profits among enterprises in the same line of
business. Out of it came one of the greater and more illustrious
fortunes that have been accumulated during the past century; a fortune
which has enabled one of the most impressive and most gracious of this
generation's many impressive philanthropists, never weary in well-doing;
but who, through this cannily gainful consumption of man-power, has been
placed in the singular position of being unable, in spite of avowedly
unremitting endeavour, to push his continued disbursements in the
service of humanity up to the figure of his current income. The case in
question is one of the most meritorious known to the records of modern
business, and while it will conveniently serve to illustrate many an
other, and perhaps more consequential truth come to realisation in the
march of Triumphant Democracy, it will also serve to show the
gainfulness of an unreservedly canny consumption of man-power with an
eye single to one's own net gain in terms of money.
* * * * *
Evidently this is a point in the articulation of the modern economic
system where a sufficiently ruthless outside authority, not actuated by
a primary regard for the pecuniary interests of the employers, might
conceivably with good effect enforce a more economical consumption of
the country's man-power. It is not a matter on which one prefers to
dwell, but it can do no harm to take note of the fact for once in a way,
that these several national establishments of the democratic order, as
they are now organised and administered, do somewhat uniformly and
pervasively operate with an effectual view to the advantage of a class,
so far as may plausibly be done. They are controlled by and administered
in behalf of those elements of the population that, for the purpose in
hand, make up a single loose-knit class,--the class that lives by income
rather than by work. It may be called the class of the business
interests, or of capital, or of gentlemen. It all comes to much the
same, for the purpose in hand.
Public-domain text, read in full here on John Shaqi.
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