Labor in the Changing World

Cover Labor in the Changing World
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What remains for them is consolidation, and the enjoyment of the ripening spoils. To this end, having destroyed competition within, they acclaim competition with- out, and in particular they decry all "socialism" (within which term they comprehend almost any degree of State regulation) as the ruin of a free Republic.
146 LABOR IN THE CHANGING WORLD The entrenched power of consolidated wealth is exercised directly over industry, and indirectly over government, over a multitude of voluntary assoc
...iations, and over public opinion. With this power we are here concerned only in so far as it is used to stay the process of industrial adaptation to social needs. In one respect this power is itself the revelation of consummate adaptation, for it rests on combination and by its success shows how much more capable to survive and flourish is conv bination than its natural foes. But capitalistic combination, like some savage potentate, would secure by fratricide the throne it won by parricide. That is, it would destroy or nullify those other forms of combination which are also being shaped within the new industrial world, and which are the necessary safeguards against its own great power.

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