| 1. | Industrial competition necessarily involves great social loss through the duplication of establishments and services, and in the advertising of goods. |
| 2. | The capitalist system makes necessary many socially unproductive vocations. |
| 3. | Privately organized industry offers irresistible temptation to dishonesty and fraud. |
| 4. | The risks of capitalist industry give rise to periodic crises which bear most heavily upon the working class. |
| 5. | Competition in the form of personal and group rivalry for social efficiency, position and honor may persist without industrial competition. |
| 1. | Why does competition fail as a regulator of industry? |
| 2. | Give examples of unnecessary duplication in industry. |
| 3. | Discuss the Socialist position in regard to advertising. |
| 4. | Explain the relation between the capitalist system and the vocation of law. |
| 5. | What is meant by over-production? Under-consumption? |
| 6. | Why does capitalist society fail to utilize all of the available supply of labor? |
| 7. | How is the farmer affected by the capitalist system? |
| 8. | What would be the place of competition under Socialism? |
Ely R. T., Socialism and Social Reform, Part II.
Hunter Robert, Poverty.
Hyndman H. M., Commercial Crises of the Nineteenth Century.
Kelly Edmond, Twentieth Century Socialism, Book II.
Reeve S. A., The Cost of Competition.
Simons A. M., The American Farmer.
-29-
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Book title: Elements of Socialism:A Text-Book.
Contributors: John Spargo - Author, George Louis Arner - Author.
Publisher: Macmillan.
Place of publication: New York.
Publication year: 1912.
Page number: 29.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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