"No mode more wasteful for utilizing human energy could be devised, and for the credit of the human intellect it should be remembered that the system never was devised, but was merely a survival from the rude ages when the lack of social organization made any sort of cooperation impossible.""I will readily admit," I said, "that our industrial system was ethically very bad, but as a mere wealth-making machine, apart from moral aspects, it seemed to us admirable.""As I said," responded the doctor, "the subject is too large to discuss at length now, but if you are really interested to know the main criticisms which we moderns make on your industrial system as compared with our own, I can touch briefly on some of them.
"The wastes which resulted from leaving the conduct of industry to irresponsible individuals, wholly without mutual understanding or concert, were mainly four: first, the waste by mistaken undertakings; second, the waste from the competition and mutual hostility of those engaged in industry; third, the waste by periodical gluts and crises, with the consequent interruptions of industry; fourth, the waste from idle capital and labor, at all times. Any one of these four great leaks, were all the others stopped, would suffice to make the difference between wealth and poverty on the part of a nation.
"Take the waste by mistaken undertakings, to begin with. In your day the production and distribution of commodities being without concert or organization, there was no means of knowing just what demand there was for any class of products, or what was the rate of supply. Therefore, any enterprise by a private capitalist was always a doubtful experiment. The projector having no general view of the field of industry and consumption, such as our government has, could never be sure either what the people wanted, or what arrangements other capitalists were making to supply them. In view of this, we are not surprised to learn that the chances were considered several to one in favor of the failure of any given business enterprise, and that it was common for persons who at last succeeded in making a hit to have failed repeatedly. If a shoemaker, for every pair of shoes he succeeded in completing, spoiled the leather of four or five pair, besides losing the time spent on them, he would stand about the same chance of getting rich as your contemporaries did with their system of private enterprise, and its average of four or five failures to one success.
"The next of the great wastes was that from competition. The field of industry was a battlefield as wide as the world, in which the workers wasted, in assailing one another, energies which, if expended in concerted effort, as to-day, would have enriched all.
As for mercy or quarter in this warfare, there was absolutely no suggestion of it. To deliberately enter a field of business and destroy the enterprises of those who had occupied it previously, in order to plant one's own enterprise on their ruins, was an achievement which never failed to command popular admiration.
Nor is there any stretch of fancy in comparing this sort of struggle with actual warfare, so far as concerns the mental agony and physical suffering which attended the struggle, and the misery which overwhelmed the defeated and those dependent on them. Now nothing about your age is, at first sight, more astounding to a man of modern times than the fact that men engaged in the same industry, instead of fraternizing as comrades and co-laborers to a common end, should have regarded each other as rivals and enemies to be throttled and overthrown. This certainly seems like sheer madness, a scene from bedlam. But more closely regarded, it is seen to be no such thing. Your contemporaries, with their mutual throat-cutting, knew very well what they were at. The producers of the nineteenth century were not, like ours, working together for the maintenance of the community, but each solely for his own maintenance at the expense of the community. If, in working to this end, he at the same time increased the aggregate wealth, that was merely incidental. It was just as feasible and as common to increase one's private hoard by practices injurious to the general welfare.
