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 run of the facts touching this matter of national trade policy is
something as follows: At the instance of businessmen who stand to gain
by it, and with the cordial support of popular sentiment, the
constituted authorities sedulously further the increase of shipping and
commerce under protection of the national power. At the same time they
spend substance and diplomatic energy in an endeavor to extend the
international market facilities open to the country's businessmen, with
a view always to a preferential advantage in favor of these
businessmen, also with the sentimental support of the common man and at
his cost. To safeguard these commercial interests, as well as
property-holdings of the nation's citizens in foreign parts, the nation
maintains naval, military, consular and diplomatic establishments, at
the common expense. The total gains derivable from these commercial and
investment interests abroad, under favorable circumstances, will never
by any chance equal the cost of the governmental apparatus installed to
further and safeguard them. These gains, such as they are, go to the
investors and businessmen engaged in these enterprises; while the costs
incident to the adventure are borne almost wholly by the common man, who
gets no gain from it all. Commonly, as in the case of a protective
tariff or a preferential navigation law, the cost to the common man is
altogether out of proportion to the gain which accrues to the
businessmen for whose benefit he carries the burden. The only other
class, besides the preferentially favored businessmen, who derive any
material benefit from this arrangement is that of the office-holders who
take care of this governmental traffic and draw something in the way of
salaries and perquisites; and whose cost is defrayed by the common man,
who remains an outsider in all but the payment of the bills. The common
man is proud and glad to bear this burden for the benefit of his
wealthier neighbors, and he does so with the singular conviction that in
some occult manner he profits by it. All this is incredible, but it is
everyday fact.
Public-domain text, read in full here on John Shaqi.
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