The harvest in September of the planting in May is now determined not
only by wind and weather, which his religion has from time immemorial
justified, but by a tangle of distant human arrangements of which
only loose threads are in his hands. He may live more richly than his
ancestors; he may be wealthier and healthier and, for all he knows,
even happier. But he gambles with the behavior of unseen men in a
bewildering way. His relations with invisibly managed markets are
decisively important for him; his own foresight is not dependable. He
is a link in a chain that stretches beyond his horizon.
The rôle that salesmanship and speculation play is a measure of the
spread between the work men do and the results. To market the output
of Lancashire, says Dibblee,[32] “the merchants and warehousemen of
Manchester and Liverpool, not to mention the marketing organizations
in other Lancashire towns, have a greater capital employed than that
required in all the manufacturing industries of the cotton trade.” And,
according to Anderson’s calculations,[33] the grain received at Chicago
in 1915 was sold sixty-two times in futures, as well as an unknown
number of times in spot transactions. Where men produce for invisible
and uncertain markets “the initial plans of enterprisers”[34] cannot be
adequate. The adjustments, often very crude and costly, are effected by
salesmanship and speculation.
Under these conditions neither the discipline of the craftsman who
controls his process from beginning to end nor the virtues of thrift,
economy and work are a complete guide to a successful career. Defoe in
his _Complete English Tradesman_[35] could say that “trade is not a
ball where people appear in masque and act a part to make sport ... but
is a plain, visible scene of honest life ... supported by prudence and
frugality” ... and so “prudent management and frugality will increase
any fortune to any degree.” Benjamin Franklin might opine that “he that
gets all he can honestly, and saves all he gets (necessary expenses
excepted) will certainly become rich, if that Being who governs
the world, to whom all should look for a blessing on their honest
endeavors, doth not in His wise providence, otherwise determine.” Young
men were until quite recently exhorted in the very words of Defoe and
Franklin, though Franklin’s rather canny allowance for the whims of
the Almighty was not always included. But of late the gospel of success
contains less about frugality and more about visions and the message
of business. This new gospel, beneath all its highfalutin cant, points
dimly though excitedly to the truth that for business success a man
must project his mind over an invisible environment.
Public-domain text, read in full here on John Shaqi.
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