Distributive Justice: The Right and Wrong of Our Present Distribution of WealthRyan, John A. (John Augustine)
PhilosophyChristian
Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth
Ryan, John A. (John Augustine)
Economic history; Income distribution -- Moral and ethical aspects; Wealth -- Religious aspects
The co-operative store movement has made greatest progress in its
original home, Great Britain. In 1913 about one person in every three
was to some degree interested in or a beneficiary of these
institutions. The profits of the stores amounted to about $71,302,070,
which was about 35 per cent. on the capital. The employés numbered
about 145,000, and the sales for the year aggregated $650,000,000. The
English Wholesale Society was the largest flour miller and shoe
manufacturer in Great Britain, and its total business amounted to
$150,000,000. Outside of Great Britain, co-operative distribution has
been most successful in Germany, Belgium, and Switzerland. It has had
a fair measure of development in Italy, but has failed to assume any
importance in France. "There is every sign that within the near
future--except in France--the stores will come to include the great
majority of the wage earning class, which is a constantly growing
percentage of the total population."[155] Within recent years a
respectable number of stores have been established on a sound basis in
Canada and the United States. Owing, however, to the marked
individualism and the better economic conditions of these two
countries, the co-operative movement will continue for some time to be
relatively slow.
As in the case of agricultural co-operation, the money benefits
accruing to the members of the co-operative stores consist mainly of
profits rather than interest. In the absence of the store societies,
these profits would have gone for the most part to middlemen as
payments for the risks and labour of conducting privately owned
establishments. Forty-seven of the sixty million dollars profits of
the British co-operative stores in 1910 were divided among more than
two and one-half million members of these institutions, instead of
going to a comparatively small number of private merchants. The other
thirteen million dollars were interest on the capital stock. Had the
members invested an equal amount in other enterprises they could,
indeed, have obtained about the same rate and amount of interest, but
in the absence of the co-operative stores their inducements and
opportunities to save would have been much smaller. For it must be
kept in mind that a very large part of the capital stock in the
co-operative stores is derived from the members' dividends on their
purchases at such stores, and would not have come into existence at
all without these establishments. The gains of the co-operative
stores, whether classified as profits or as interest, are evidently a
not inconsiderable indication of a better distribution of wealth.
_Co-operation in Production_
Public-domain text, read in full here on John Shaqi.
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