The University Militant

Paperback | February 9, 2012

byCharles Ferguson

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1911 Excerpt: ... XIII THE UNIVERSITY--MISTRESS OF THE MARKET THE true interpretation of "the square deal" is that it is the special and principal office of government to enforce the equality of all bargains. Thus ambitious enterprise must be diverted from the field of exchange to that of industry, from the business of buying and selling to that of producing goods. Socialists say that the social disease is private initiative and free competition in the supply of the market. They are mistaken. The disease is the lack of public organization of the market itself. What we need is not public organization of production, but the public control of exchanges. It is neither necessary, nor desirable, nor even tolerable, that we should politicize supply; but it is indispensable to progress that we should publicize demand. The evil of "the system" as it exists is that it makes the credit upon which the initiative of industry depends flow from the people's debts or necessities, instead of from their demands or desires. Thus commodities are produced without any regard to effective demand or buying power. Hence come "over-production" and every manner of industrial dislocation. What is needed is artistic and scientific organization of the market. In a genuine industrial society the enforcement of equality of values in exchange must come to be the primary office of public law. The establishment of such an organization of the market would not abolish productive competition, but accelerate it. Under existing conditions there is in fact no true productive competition--no competition for competency, or rivalry in public service. The existing competition is for the control of the market. Thus the public organization of the market would not do away with competition, but would reverse its aim--would...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1911 Excerpt: ... XIII THE UNIVERSITY--MISTRESS OF THE MARKET THE true interpretation of "the square deal" is that it is the special and principal...

Format:PaperbackDimensions:38 pages, 9.69 × 7.44 × 0.08 inPublished:February 9, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217375324

ISBN - 13:9780217375320

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