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 exception alluded to above occurs when the monopoly uses the
excess which it obtains over the competitive price to pay fair wages
to those labourers who were insufficiently compensated in competitive
conditions. In such a case the eliminated competitors would have no
just claim against the monopoly; for their elimination took place in
the just interest of the producers. The case, however, is purely
academic, since the discriminative underselling practised by our
monopolistic concerns has not been impelled by any such motive, nor
has it achieved any such result.
_Exclusive-Sales Contracts_
The second unfair method employed by monopolies toward competitors is
that of exclusive-selling contracts, sometimes called the "factor's
agreement." It requires the dealer, merchant, or jobber to refrain
from selling the goods produced by independent concerns, on penalty of
being refused the goods produced by the monopoly. The merchant is
compelled to choose between the less important line of wares to be had
from the former, and the more important line obtainable from the
latter. He will not be permitted to handle both. "Here is somebody who
has been buying goods, let us say, by way of illustration, from the
American Tobacco Company, and a rival producer comes in whom the
merchant likes to patronise. He buys goods for a time from the rival,
and an agent of the trust sends him a note to the effect that he must
not buy any more from that rival corporation; that, if he does so, the
trust will give all of its own goods, some of which the merchant is
obliged to have, to another agent. That will probably bring him to
terms."[180] By this method the independent manufacturer can be
deprived of sufficient patronage to injure him seriously, and perhaps
to drive him out of business.
Public-domain text, read in full here on John Shaqi.
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