The Place of Science in Modern Civilisation, and Other EssaysVeblen, Thorstein
Philosophy
The Place of Science in Modern Civilisation, and Other Essays
Veblen, Thorstein
Economics; Science
In America at least, this movement in the direction of a broader
assertion of the paramount claims of the community, and an extension of
corporate action on part of the community in industrial matters, has not
generally been connected with or based on an adherence to socialistic
dogmas. This is perhaps truer of the recent past than of the immediate
present. The motive of the movement has been, in large part, the
expediency of each particular step taken. Municipal supervision, and,
possibly, complete municipal control, has come to be a necessity in the
case of such industries--mostly of recent growth--as elementary
education, street-lighting, water-supply, etc. Opinions differ widely as
to how far the community should take into its own hands such industries
as concern the common welfare, but the growth of sentiment may fairly be
said to favor a wider scope of governmental control.
But the necessity of some supervision in the interest of the public
extends to industries which are not simply of municipal importance. The
modern development of industry and of the industrial organisation of
society makes it increasingly necessary that certain industries--often
spoken of as "natural monopolies"--should be treated as being of a
semi-public character. And through the action of the same forces a
constantly increasing number of occupations are developing into the form
of "natural monopolies."
The motive of the movement towards corporate action on the part of the
community--State control of industry--has been largely that of
industrial expediency. But another motive has gone with this one, and
has grown more prominent as the popular demands in this direction have
gathered wider support and taken more definite form. The injustice, the
inequality, of the existing system, so far as concerns these natural
monopolies especially, are made much of. There is a distinct unrest
abroad, a discontent with things as they are, and the cry of injustice
is the expression of this more or less widely prevalent discontent. This
discontent is the truly socialistic element in the situation.
Public-domain text, read in full here on John Shaqi.
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