"One would think so, certainly," said the boy, "but it did not seem to
occur to our great-grandfathers to hold their economic system to any
responsibility for the result. As we have seen, they recognized, however
they might dispute as to percentages, that the great inventions had
failed to make any notable improvement in the human condition, but they
never seemed to get so far as to inquire seriously why this was so. In
the voluminous works of the economists of the period we find no
discussions, much less any attempt to explain, a fact which to our view
absolutely overshadows all the other features of the economic situation
before the Revolution. And the strangest thing about it all is that their
failure to derive any benefit worth speaking of from the progress of
invention in no way seemed to dampen the enthusiasm of our ancestors
about the inventions. They seemed fairly intoxicated with the pride of
their achievements, barren of benefit as they had been, and their day
dreams were of further discoveries that to a yet more amazing degree
should put the forces of the universe at their disposal. None of them
apparently paused to reflect that though God might empty his treasure
house for their benefit of its every secret of use and of power, the race
would not be a whit the better off for it unless they devised some
economic machinery by which these discoveries might be made to serve the
general welfare more effectually than they had done before. They do not
seem to have realized that so long as poverty remained, every new
invention which multiplied the power of wealth production was but one
more charge in the indictment against their economic system as guilty of
an imbecility as great as its iniquity. They appear to have wholly
overlooked the fact that until their mighty engines should be devoted to
increasing human welfare they were and would continue mere curious
scientific toys of no more real worth or utility to the race than so many
particularly ingenious jumping-jacks. This craze for more and more and
ever greater and wider inventions for economic purposes, coupled with
apparent complete indifference as to whether mankind derived any ultimate
benefit from them or not, can only be understood by regarding it as one
of those strange epidemics of insane excitement which have been known to
affect whole populations at certain periods, especially of the middle
ages. Rational explanation it has none."
Public-domain text, read in full here on John Shaqi.
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