Modern Industrialism: An Outline of the Industrial Organization as Seen in the History, Industry, and Problems of England, the United States, and Germany

By Frank L. McVey | Go to book overview

CHAPTER II
INTERFERENCE

As the reader approaches the question of state functions he is confronted by a number of views relating to the control and regulation of industry. At one extreme is the panpolity of the scientific socialist school and at the other the anarchistic individualists; between the two extremes is a variety of opinion shading from one to the other. Socialism proposes, in so far as it may be distinguished from state socialism, a revolution of society, the elimination of competition, the suppression of private property and the control of industry by the people. It is based upon the widest notions of democracy. German in origin, it refuses to accept the modern state, forgetting that in England and America a democracy already exists upon which might be builded a socialist state. It seeks a new organization dominated by notions of equality resting upon labor theories of value.

Nevertheless it may be taken for granted that the corner stones of the modern state, so long in the making, will not be cast aside in the organization of the future state. In so far as scientific socialism proposes to do this just so far may it be counted out in the reconstruction of modern industry. The right to property, individual initiative, competition, freedom of contract, are necessary to growth and progress. From time to time these may be modified, may be limited and restricted, but the present

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Modern Industrialism: An Outline of the Industrial Organization as Seen in the History, Industry, and Problems of England, the United States, and Germany
Table of contents

Table of contents

  • A Practical Book by a Practical Man. *
  • Title Page iii
  • Preface vii
  • Contents ix
  • List of Illustrations xv
  • Part I History 1
  • Chapter I a Survey 3
  • Chapter II Industrial Changes in England Since 1760 20
  • Chapter III Industrial Evolution of America 42
  • Chapter IV the Rise of Germany 68
  • Part II Industry 87
  • Chapter I Extractive Industries 89
  • Chapter II Transportation 115
  • Chapter III Manufacture 133
  • Chapter IV Forms of Industrial Organization 157
  • Chapter V Commercial Institutions 176
  • Part III Administration 195
  • Chapter I Fundamental Questions 197
  • Chapter II Interference 216
  • Chapter III Regulation 235
  • Chapter IV Government Ownership 256
  • Chapter V Conclusion 273
  • Index 293
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