Currency question -- Great Britain; Finance -- Great Britain; World War, 1914-1918 -- Economic aspects -- Great Britain
This being so, it is the business of all who want to see things made
better to examine with most respectful attention any schemes that are
put forward for the reconstruction of society, however strongly we may
feel that real improvement is only to be got, not by reconstructing
society but by improving the bodily and mental health and efficiency
of its members. The advocates of Socialism have had a patient and
interested hearing for many decades, except among those to whom
anything new is necessarily anathema. There was something attractive
in the notion that if all men worked for the good of the community and
not for their own individual profit, the work of the world might
be done much better, because all the waste of competition and
advertisement would be cut out, machinery would be given its full
chance because it would be making work easier instead of causing
unemployment, and a greater output, more evenly distributed, would
enable the nation to breed a race, each generation of which would
come nearer to perfection. So splendid if true; but one always felt
misgivings as to whether the general standard of work might not
deteriorate instead of improve if the stimulus of individual gain were
withdrawn; and that the net result might probably be a diminished
output consumed by a discontented people, less happy under a possibly
stupid and short-sighted bureaucracy, than it is now when the chances
of life at least give it the glorious uncertainty of cricket. Since
the war our experiences of official control, even when working on
a nation trained in individual initiative, have increased those
misgivings manifold; and hundreds of people who were Socialistically
inclined in 1914 will now say that any system which handed over the
regulation of production and distribution to the State could end only
in disaster, unless we could first build up a new machinery of State
and a new people for it to work on.
Public-domain text, read in full here on John Shaqi.
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