Competition; Monopolies -- United States; Trusts, Industrial
Finally it must be said that the labor question, more than any other
connected with monopoly, needs solution through the influence of the
principles of Christian fraternity. In the last analysis, every man
sells to his brother men his service and receives his food, clothing,
and shelter in return. We may execute justice never so well, and
regulate never so nicely the wages of men by the law of supply and
demand, there will still be special cases demanding and deserving to be
treated by the rules of brotherly charity. The strong were given their
power that they might aid the feeble; and they who fall behind in the
struggle for position are not to be blotted out by the brute law of the
survival of the fittest, but cared for as the noblest instincts of
humanity prompt.
* * * * *
I am well aware that the indictment which conservative critics will be
apt to bring against the plans for the equitable control of monopolies
presented in this chapter is that they are too novel, and that they
require too much of an upheaval of existing institutions for their
accomplishment. The conservative man is invariably in favor of getting
along with things as they are. The answer to be made to this is, that no
candid man who will make a thorough study of the present status of
monopoly and of the attempts to control it can be conservative. The
present status of monopolies is just neither to their owners nor to the
public. They are plundering the public as much or as little as they
choose; and the sovereign people are submitting to it and taking their
revenge by passing retaliatory laws intended to ruin the monopolies if
possible. These legislative "strikes" are thus especially well
calculated to foster extortion on the part of the owners of monopolies,
who naturally wish to make what profits they can before some piece of
legislation is put through to destroy the industry they have built up.
In contrast to this are the plans proposed in this chapter. They offer
to establish a definite relation between the public and the monopolies,
and a permanent and stable foundation for each industry they affect in
place of the present fickle and ever changing one.
Public-domain text, read in full here on John Shaqi.
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