The relation of the leisure (that is, propertied non-industrial)
class to the economic process is a pecuniary relation--a relation of
acquisition, not of production; of exploitation, not of serviceability.
Indirectly their economic office may, of course, be of the utmost
importance to the economic life process; and it is by no means here
intended to depreciate the economic function of the propertied class or
of the captains of industry. The purpose is simply to point out what is
the nature of the relation of these classes to the industrial process
and to economic institutions. Their office is of a parasitic character,
and their interest is to divert what substance they may to their own
use, and to retain whatever is under their hand. The conventions of the
business world have grown up under the selective surveillance of this
principle of predation or parasitism. They are conventions of ownership;
derivatives, more or less remote, of the ancient predatory culture. But
these pecuniary institutions do not entirely fit the situation of today,
for they have grown up under a past situation differing somewhat from
the present. Even for effectiveness in the pecuniary way, therefore,
they are not as apt as might be. The changed industrial life requires
changed methods of acquisition; and the pecuniary classes have some
interest in so adapting the pecuniary institutions as to give them the
best effect for acquisition of private gain that is compatible with the
continuance of the industrial process out of which this gain arises.
Hence there is a more or less consistent trend in the leisure-class
guidance of institutional growth, answering to the pecuniary ends which
shape leisure-class economic life.
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