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
In the foregoing paragraphs we have assumed that the inability of the
business men under consideration to get living profits is due to their
own lack of capacity as compared with their more efficient
competitors. When, however, their competitors are not more efficient,
but are enabled to undersell through the use of unfair methods, such
as adulteration of goods and oppression of labour, a different moral
situation is presented. Honest and humane business men undoubtedly
have a claim upon society to protection against such unfair
competition. And the consumers are under obligation to make reasonable
efforts to withhold their patronage from those business men who
practise dishonesty and extortion.
_The Question of Superfluous Business Men_
Although we have rejected as impractical the proposal to set a legal
limit to profit-incomes, we have to admit that many of the abler
business men would continue to do their best work even if the profits
that they could hope to obtain were considerably smaller in volume.
These men hold a strategic position in industry, inasmuch as they are
not subject to the same degree of constant competition as the other
agents of production.[164] Were the supply of superior business
capacity more plentiful, their rewards would be automatically reduced,
and the burden of profits resting upon society would be to that extent
diminished. On the other hand, the number of mediocre business men,
especially in the distributive industries, is much larger than is
necessary to supply the wants of the community. This constitutes a
second unnecessary volume of payments under the head of profits. Is
there no way by which these wastes can be reduced?
The volume of exceptionally large profits could be diminished by an
extension of the facilities of technical and industrial education.
Thus the number of persons qualifying as superior business men could
be gradually increased, competition among this class of men would be
intensified, and their rewards correspondingly diminished.
Public-domain text, read in full here on John Shaqi.
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