The Passing of the Idle RichMartin, Frederick Townsend
History
The Passing of the Idle Rich
Martin, Frederick Townsend
Rich people -- United States; United States -- Social conditions -- 1865-1918; Wealth -- United States
It is the same old story. There are too many among the idle rich who
jump at the first obvious conclusion. They see the strange phenomenon
that I have noted as arising out of our industrial evolution, and they
say to themselves; “The nation, indeed, faces a crisis. We are in
danger of falling. The world should continue as it is. It is pleasant
to be booted, spurred, and in the saddle. No oats for the horse, and
we shall be thrown down. The mob must be appeased. Feed the hungry and
we shall be saved. Cure Society of its most evident disorders and the
public mind will forget the rest.”
So said the plutocrats of Rome. So argued the hangers-on of Louis of
France. So Charles the First of England fell. You may find a good
many other illustrations, if you like, in Athens, Italy, and Russia.
I challenge any gentleman to instance a single case in history where
petty reforms and petty charities thrown indiscriminately to the mob
have ever established any permanent betterment of social conditions, or
failed to be followed in the end by a terrific reckoning.
It is true that, amongst the wealthy, many men to-day are honestly
advocating and honestly working for real, deep-planted, permanent
reform.
It is almost astounding to read a paragraph like the following signed
with the name of Andrew Carnegie:
Whatever the future may have in store for labour, the evolutionist,
who sees nothing but certain and steady progress for the race, will
never attempt to set bounds to its triumph, even to its final form
of complete and universal industrial coöperation, which I hope is
some day to be reached.
By industrial coöperation Mr. Carnegie explains that he means the
slow process of selling or giving actual ownership of manufacturing
industries to the workmen. He claims that they began this experiment in
this country when the Carnegie Steel Company took in from time to time
forty odd young partners, none of whom contributed a penny of money,
the company taking their notes payable only out of profits.
A dozen other instances could be adduced, beginning with the United
States Steel Corporation itself, the giant among the trusts. There
is no doubt whatever that this reform is spreading. What is more, I
believe it is an honest reform, and that most of the men who have
introduced it into their companies have done it from an honest belief
that it would elevate the workingman and solve in each separate
instance the most dangerous of our industrial problems.
Public-domain text, read in full here on John Shaqi.
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