The Camel and the Needle's EyePonsonby, Arthur Ponsonby, Baron
Philosophy
The Camel and the Needle's Eye
Ponsonby, Arthur Ponsonby, Baron
Wealth; Wealth -- Moral and ethical aspects
In the commercial world it is evident enough that the money-making
ideal is far stronger and predominates over the ideal of securing
perfection in production, which implies a proud ambition to produce the
best goods under the best possible conditions. In the conflict between
these two ideals is precisely where the danger lies. Tricks such as
extensive and sensational advertisement and unscrupulous pushing are,
as we all know, more favoured than the slower, more laborious, and less
certain expedients of continually improving the methods of production
and conditions of labour. Many a fortune has been made in the vast
expansion of a concern far beyond its intrinsic merits simply by means
of advertisement. The incentive in such a case is solely money-making.
The talents required are those of an inferior order, such as astute
business capacity and cunning. So far, therefore, as money-making is
the ideal, it is neither to the advantage of the business nor to the
advantage of the community, who are the consumers of whatever commodity
the business turns out, any more than it is to the ultimate advantage,
as already shown, of the man who enriches himself. The ambition of
heads of firms to enrich themselves personally constitutes, in fact,
the chief deterrent to permanently successful commercial enterprise.
A further step is made in the wrong direction when the founder of
a thriving business, having made his fortune and established the
reputation of his firm, has his son or successor educated at a public
school and university, where he may learn the manners and customs of
the leisured classes. The result is that when the successor, who has
not received a special technical business training and is therefore
quite unfitted to keep abreast of the acute competition which he finds
in the commercial world around him, takes over the business, it rapidly
deteriorates, in spite of the abortive efforts of the new head, who
probably thinks that by mere expenditure of money the situation can
be saved. In instances such as these no defence can be made for the
accumulation of capital in the hands of individuals. But let us take a
better type.
Public-domain text, read in full here on John Shaqi.
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