Competition; Monopolies -- United States; Trusts, Industrial
In concluding this chapter it seems eminently proper to call attention
to one practical application of this great principle of fraternity which
ought to go a great way towards saving us from the results of mistakes
in our attempts to remedy the evils which have grown up. The fraternal
principle should lead men to judge charitably the men who are engaged in
monopolies and in wasting the world's wealth in intense competition. The
more especially as _these evils are due, not to the malignity of any
person, but to our system of industry, which causes them to spring up_.
The investigation which we pursued in the first chapters showed very
clearly that monopolists are simply striving, like all other men, to
protect and advance their own interests by what they consider legal and
honorable means. And our study of the laws of competition has shown us
that the evils of monopoly and unhealthy competition are the natural
outgrowth of the great revolution in modern industries by which the
number of competing units has been reduced from many to few.
Unfortunately there is a great tendency to make these evils worse by
recrimination. It is very common to hear those engaged in monopolistic
enterprises, whether as owners or managers, denounced as unscrupulous
villains, double-dyed rascals, scoundrelly enemies of the people, or
perhaps in terms less blunt but more scathing. Now, what are the facts
of the case? Speaking broadly, it is a fact that the men who own and
manage our modern monopolies are as a class far more large-hearted in
their sympathies than the average of men. It is only because they do not
realize the consequences of their acts that they seem to those who do
realize them and those who suffer by them to be incomprehensibly brutal.
The same man who at a corporation meeting may do his part toward
throwing a thousand men out of employment or wasting a million dollars
of the world's wealth to effect some monster "deal," may stop as he
leaves his office to help a crippled beggar regain his feet; and when he
hears of the destitution that his own official act has helped create, he
will give with a lavish hand to relieve it. When we come to questions
between labor and its employers, more than this is true. The employers
of labor as a class are closely in sympathy with the honest desire of
their men to better themselves, and the constant increase in the
employment of arbitration to settle difficulties, the experiments in
co-operation and profit-sharing, and the furnishing of cheap and good
houses to the workers are all evidences of this fact.
Public-domain text, read in full here on John Shaqi.
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