Their system of unorganized and antagonistic industries was as absurd economically as it was morally abominable. Selfishness was their only science, and in industrial production selfishness is suicide. Competition, which is the instinct of selfishness, is another word for dissipation of energy, while combination is the secret of efficient production; and not till the idea of increasing the individual hoard gives place to the idea of increasing the common stock can industrial combination be realized, and the acquisition of wealth really begin. Even if the principle of share and share alike for all men were not the only humane and rational basis for a society, we should still enforce it as economically expedient, seeing that until the disintegrating influence of self-seeking is suppressed no true concert of industry is possible.
Edward BellamyRelated topics
begin common dissipation enforce expedient gives idea increasing industrial industry men place possible production science secret seeing selfishness self-seeking should share till wealth while wordRelated quotes
The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.
Ron Paul
Bukharin, like Lenin, regarded the system of basing economic life on mass terror not as a transient necessity but as a permanent principle of socialist organization. He did not shrink from justifying all means of coercion and held, like Trotsky at the same period, that the new system called essentially for the militarization of labour – i.e. the use of police and military force to compel the whole population to work in such places and conditions as the state might arbitrarily decree. Indeed, once the market is abolished there is no longer any free sale of labour or competition between workers, and police coercion is therefore the only means of allocating "human resources”. If hired labour is eliminated, only compulsory labour remains. In other words, socialism – as conceived by both Trotsky and Bukharin at this time – is a permanent, nation-wide labour camp. (pg. 28-9)
Leszek Kołakowski
If you were part of a group there was always the chance that the predator would take the next guy, not you. It was a cold-blooded lottery that paid off often enough to be worthwhile adapting for.
But there were disadvantages to group living: mainly, if there were large numbers of you, there was increased competition for food. As that competition resolved itself, the inevitable result was social complexity-and the size of the adapids' brains had increased so that they were capable of handling that complexity. Then, of course, they were forced to become even more efficient at searching for food to fuel those big brains.
It was the way of the future. As primate societies became ever more complex, a kind of cognitive arms race would continue, increasing smartness fueled by increasing social complications.
Stephen Baxter
Labor is a commodity, like any other, and its price is therefore determined by exactly the same laws that apply to other commodities. In a regime of big industry or of free competition – as we shall see, the two come to the same thing – the price of a commodity is, on the average, always equal to its cost of production. Hence, the price of labor is also equal to the cost of production of labor. But, the costs of production of labor consist of precisely the quantity of means of subsistence necessary to enable the worker to continue working, and to prevent the working class from dying out. The worker will therefore get no more for his labor than is necessary for this purpose; the price of labor, or the wage, will, in other words, be the lowest, the minimum, required for the maintenance of life.
Friedrich Engels
What is the alternative to collective bargaining? There is none except anarchy, and there are rare elements in the country that would like to see anarchy in the trade unions-in my view the most dangerous thing for the country that could happen. Another alternative is force, but we may rule out force in this country, and I would lay it down that, so long as the industrial system remains as it is, collective bargaining is the right thing. I have no doubt about that. And yet we all know in our heart of hearts that it may be a clumsy method of settling disputes, and that the last word has not been spoken. Some day, when we are all fit for a democracy, we shall not need these aids, but certainly for my part, and as long as I can see ahead, unless there is that change in human nature which we are always hoping for, collective bargaining will be a necessity.
Stanley Baldwin
