Meanwhile the technological application of the complex apparatus which
is science has revolutionized the conditions under which associated
life goes on. This may be known as a fact which is stated in a
proposition and assented to. But it is not known in the sense that men
understand it. They do not know it as they know some machine which they
operate, or as they know electric light and steam locomotives. They do
not understand _how_ the change has gone on nor _how_ it affects their
conduct. Not understanding its “how,” they cannot use and control its
manifestations. They undergo the consequences, they are affected by
them. They cannot manage them, though some are fortunate enough--what
is commonly called good fortune--to be able to exploit some phase of
the process for their own personal profit. But even the most shrewd and
successful man does not in any analytic and systematic way--in a way
worthy to compare with the knowledge which he has won in lesser affairs
by means of the stress of experience--know the system within which he
operates. Skill and ability work within a framework which we have not
created and do not comprehend. Some occupy strategic positions which
give them advance information of forces that affect the market; and
by training and an innate turn that way they have acquired a special
technique which enables them to use the vast impersonal tide to turn
their own wheels. They can dam the current here and release it there.
The current itself is as much beyond them as was ever the river by the
side of which some ingenious mechanic, employing a knowledge which
was transmitted to him, erected his saw-mill to make boards of trees
which he had not grown. That within limits those successful in affairs
have knowledge and skill is not to be doubted. But such knowledge
goes relatively but little further than that of the competent skilled
operator who manages a machine. It suffices to employ the conditions
which are before him. Skill enables him to turn the flux of events this
way or that in his own neighborhood. It gives him no control of the
flux.
Public-domain text, read in full here on John Shaqi.
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