Proceedings of the Academy of Political Science, Vol. 2
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| Hersteller: | Forgotten Books (Mussey, Henry Raymond) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Proceedings of the Academy of Political Science, Vol. 2: In the City of New York, 1911-1912 Modern methods of finance are not keeping pace with the requirement of civilization. The machinery of finance is behind the times. A large portion of available wealth is not used. Certain favored classes receive undue advantage over the general public. Distrust is engendered, antagonisms are created, capital and labor have grown suspicious of each other. The machinery of finance does not turn out a product for all who need its benefits, and whose cooperation would remove many of its problems. The conventional plan of promotion is through underwritings to a limited public. This plan is simple, involves no educational process and deals with a known clientele under rules acceptable to it. Its deficiencies are, however, many and serious. A large percentage of the wealth of the nation is untouched. A class is created whose interests are alien to those of the general public. Financial opportunity is unequally distributed. The financial load is quite as uneven. In prosperous times a small number profit unduly, in financial stress the structure breaks from the insufficiency of its sustaining members and the overload they carry. The antagonism between labor and capital exists because they have not a large enough common interest. It is obvious that if the capitalist had to raise his capital among his own workmen, the relations between the two would of necessity be harmonious, and their interests would be largely identical. The writer has for twenty-five years had intimate experience with the man of small means, and for nearly the same period close relationship with men of large capital. It has been possible to see both sides of the situation, and to retain a sympathy with each class. It has been a great opportunity for study and experiment. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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