Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm LifeFairchild, Geo. T. (George Thompson)
Science
Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life
Fairchild, Geo. T. (George Thompson)
Agriculture -- Economic aspects; Economics
All these conditions are abnormal, wholly unfavorable to a fair
consideration of what will promote welfare. Even if socialistic methods
might work fairly well when all were favorably disposed, there is great
question whether they would work as well as present social methods, under
equal good will. It must not be forgotten that every scheme of
nationalization, for its own sake, implies the government of every
individual by everybody else, thus hampering under petty regulations and
by force of multitudes the growth of every individual. No scheme for
national direction provides as natural tests for merit, ability,
enterprise or necessity as present methods are known to do wherever fraud
and tyranny are abolished.
_Coöperative consumption._—In the natural order of social development
there is room for much more general association in the consumption of
wealth than we sometimes think. The world has made great progress in this
direction during the last fifty years, through voluntary organizations for
prudent expenditure. The only limit to such community of organization for
special purposes is in the nature of the work and the relation of the
workers. Coöperative stores, banks, building and loan associations,
laundries and even kitchens are within the range of actual experiments. We
have already seen how such coöperative interests may operate in simple
investment of capital for production. The chief obstacles in them all are
the lack of certain characteristics of prudence in a multitude. In general
the best management does not accord with the judgment of the mass.
A few brief maxims may indicate the natural restrictions upon such
methods. Coöperative consumption is successful: first, where those
coöperating are fairly equal in wants and abilities, or closely related
through kinship or friendship; second, where the range of coöperation
includes common wants; third, where no one is given the advantage of
credit; fourth, where mutual confidence selects and sustains a continuous
management; fifth, where frequent and full reports can make the business
plain to all concerned. It would be interesting to follow the growth of
coöperative stores and banking associations from small beginnings to
enormous enterprises, but the limits of this volume will not permit. This
extension may be realized from the statement that the Rochedale
coöperative societies of England now number nearly two thousand, with more
than a million members and nearly seventy-five million dollars of capital.
Chapter XXVII. Economic Functions Of Government.
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