New worlds for old: A plain account of modern socialismWells, H. G. (Herbert George)
General
New worlds for old: A plain account of modern socialism
Wells, H. G. (Herbert George)
Socialism
The Anti-Socialist argues that out of this evil of encouraged and
stimulated avarice comes good, and that this peculiar meanly greedy
type that predominates in the individualist world to-day, the
Rockefeller-Harriman type, "creates" great businesses, exploits the
possibilities of nature, gives mankind railways, power, commodities.
As a matter of fact, a modern intelligent community is quite capable
of doing all these things infinitely better for itself, and the
beneficent influence of commerce may easily become, and does easily
become, the basis of a cant. Exploitation by private persons is no
doubt a necessary condition to economic development in an illiterate
community of low intelligence, just as flint implements marked a
necessary phase in the social development of mankind; but to-day the
avaricious getter, like some obsolescent organ in the body, consumes
strength and threatens health. And to-day he is far more mischievous
than ever he was before, because of the weakened hold of the old
religious organization upon his imagination. For the most part the
great fortunes of the modern world have been built up by proceedings
either not socially beneficial, or in some cases positively harmful.
Consider some of the commoner methods of growing rich. There is first
the selling of rubbish for money, exemplified by the great patent
medicine fortunes and the fortunes achieved by the debasement of
journalism, the sale of prize-competition magazines and the like; next
there is forestalling, the making of "corners" in such commodities as
corn, nitrates, borax and the like; then there is the capture of what
Americans call "franchises," securing at low terms by expedients that
usually will not bear examination, the right to run some profitable
public service for private profit which would be better done in public
hands--the various private enterprises for urban traffic, for example;
then there are the various more or less complex financial operations,
watering stock, "reconstructing," "shaking out" the ordinary
shareholder, which transfer the savings of the common struggling
person to the financial magnate. All the activities in this list are
more or less anti-social, yet it is by practising them that the great
successes of recent years have been achieved. Fortunes of a second
rank have no doubt been made by building up manufactures and
industries of various types by persons who have known how to buy
labour cheap, organize it well and sell its produce dear, but even in
these cases the social advantage of the new product is often largely
discounted by the labour conditions. It is impossible, indeed,
directly one faces current facts, to keep up the argument of the
public good achieved by men under the incentive of gain and the
necessity of that incentive to progress and economic development.
Public-domain text, read in full here on John Shaqi.
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