Competition; Monopolies -- United States; Trusts, Industrial
To see most clearly the practical failure of either of these principles
when applied without modification by the other, consider our present
social system, which is based on both individualism and societism. If
the principle of individualism were to be fully applied and societism
were to be entirely abolished, a first step would be the relinquishment
by the government of all the enterprises it now carries on; and they
would be left for private enterprise to take up or leave alone as it
chose. This means, for one thing, to bring the matter plainly home, that
the whole national postal system would be wiped out, and we should
depend on some private company or companies to collect, carry, and
distribute our mails. The government would also abandon all its work in
keeping clear and safe the natural waterways of the country, as well as
all the harbors, light-houses, etc. Municipal governments would give up
all their systems of water supply to private companies, as well as their
sewerage systems, and even paving, street cleaning, etc. Indeed, the
maintenance of our whole system of highways would be given over to
private enterprise. Is this too much? It is only a legitimate
application of the principle that government should leave to private
enterprise all matters connected with commerce and industry.
Little need be said to prove that a similar application of the principle
of societism to our industrial system would result even more
disastrously. As a general thing, the necessary formality and expense of
administration when business is carried on by the government, causes the
final cost of production to be much greater than under private
management, even when conducted with all honesty. But the chief reason
why the principle of societism is impracticable and unwise for universal
application, lies in the fact that the men who administer our
governments are neither the wisest nor the most honest of men. The
competition among those engaged in private business tends by a process
of natural selection to bring the men of greatest business ability into
control of affairs. But by any form of government yet tried, popularity
rather than merit, and excellence in the arts of the politician, rather
than experience and capacity as a statesman and business man, are the
qualities which place men in positions where they can control public
affairs. Not that very many wise and good men do not now hold office,
and that many unprincipled and vicious men do achieve success in private
business. But, as a general rule, the statements just made hold good.
Public-domain text, read in full here on John Shaqi.
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