What has just been said must not be taken to mean that there are no
other incentives to acquisition and accumulation than this desire to
excel in pecuniary standing and so gain the esteem and envy of one's
fellow-men. The desire for added comfort and security from want is
present as a motive at every stage of the process of accumulation in
a modern industrial community; although the standard of sufficiency in
these respects is in turn greatly affected by the habit of pecuniary
emulation. To a great extent this emulation shapes the methods and
selects the objects of expenditure for personal comfort and decent
livelihood.
Besides this, the power conferred by wealth also affords a motive
to accumulation. That propensity for purposeful activity and that
repugnance to all futility of effort which belong to man by virtue of
his character as an agent do not desert him when he emerges from the
naive communal culture where the dominant note of life is the unanalysed
and undifferentiated solidarity of the individual with the group with
which his life is bound up. When he enters upon the predatory stage,
where self-seeking in the narrower sense becomes the dominant note, this
propensity goes with him still, as the pervasive trait that shapes his
scheme of life. The propensity for achievement and the repugnance to
futility remain the underlying economic motive. The propensity changes
only in the form of its expression and in the proximate objects to which
it directs the man's activity. Under the regime of individual ownership
the most available means of visibly achieving a purpose is that afforded
by the acquisition and accumulation of goods; and as the self-regarding
antithesis between man and man reaches fuller consciousness, the
propensity for achievement--the instinct of workmanship--tends more
and more to shape itself into a straining to excel others in pecuniary
achievement. Relative success, tested by an invidious pecuniary
comparison with other men, becomes the conventional end of action. The
currently accepted legitimate end of effort becomes the achievement of
a favourable comparison with other men; and therefore the repugnance to
futility to a good extent coalesces with the incentive of emulation. It
acts to accentuate the struggle for pecuniary reputability by visiting
with a sharper disapproval all shortcoming and all evidence of
shortcoming in point of pecuniary success. Purposeful effort comes to
mean, primarily, effort directed to or resulting in a more creditable
showing of accumulated wealth. Among the motives which lead men to
accumulate wealth, the primacy, both in scope and intensity, therefore,
continues to belong to this motive of pecuniary emulation.
Public-domain text, read in full here on John Shaqi.
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