The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
Within a century very many and various forces have been at work to
produce an entire change in this system of industry. The invention
of the steam engine and of the machines used in the textile fabrics
produced the factory system, with a high organization of industry,
concentrated at certain centers. The opening of canals and the
improvement of highways made possible the commerce by which the
products were distributed. The cheapening of printing and the
multiplication of means of advertising widened the market by
concentrating the demand which was widely dispersed in place, until
now the market is the civilized world. The applications of steam power
to roads and ships only extended further the same development, and the
telegraph has only cheapened and accelerated the means of communicating
information to the same end.
What have been the effects on industry?
1. The whole industry and commerce of the world have been built up into
a great system in which organization has become essential and in which
it has been carried forward and is being carried forward every day to
new developments. Industry has been growing more and more impersonal
as far as the parties to it are concerned. Our wants are satisfied
instantaneously and regularly by the coöperation of thousands of people
all over the world whom we have never seen or heard of; and we earn
our living daily by contributing to satisfy the wants of thousands
scattered all over the world, of whom we know nothing personally. In
the place of actual contact and acquaintance with the persons who are
parties to the transactions, we now depend upon the regularity, under
the conditions of earthly life, of human wants and human efforts. The
system of industry is built upon the constancy of certain conditions of
human existence, upon the certainty of the economic forces which thence
arise, and upon the fact that those forces act with perfect regularity
under changeless laws. If we but reflect a moment, we shall see that
modern industry and commerce could not go on for a day if we were not
dealing here with forces and laws which may properly be called natural
because they come into action when the conditions are fulfilled,
because the conditions cannot but exist if there is a society of human
beings collected anywhere on earth, and because, when the forces come
into action, they work themselves out, according to their laws, without
possible escape from their effects. We can divert the forces from one
course to another; we can change their form; we can make them expend
themselves upon one person or interest instead of upon another. We do
this all the time, by bad legislation, by prejudice, habit, fashion,
erroneous notions of equity, happiness, the highest good, and so on;
but we never destroy an economic force any more than we destroy a
physical force.
Public-domain text, read in full here on John Shaqi.
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