[38944] in Discussion of MIT-community interests
Protect your Household, Using wireless--security Camera
daemon@ATHENA.MIT.EDU (Wireless Home Security Systems)
Sat Apr 4 14:53:26 2015
From: "Wireless Home Security Systems" <WirelessHomeSecuritySystems@comorocciu.eu>
Date: Sat, 4 Apr 2015 14:53:25 -0400
To: <mit-talk-mtg@charon.mit.edu>
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<p align="left">ability is in command of the market, and that means that it is the element which decides success. To a correct understanding of our subject 7ea99ed1b6714702bd5343b786c98bee it is
essential to recognize the concentration of wealth and control as a 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee universal societal phenomenon, not merely as a matter of industrial power, </p>
<BR /><span style="font-family: Helvetica, Arial, sans-serif; font-size: 10px; color: #ffffff;"></span>
<p>or social sentiment, or political policy. Stated in the concisest terms, the<I>phenomenon is KPDDYS that of a more perfect integration of all societal functions. The concentration of 7ea99ed1b6714702bd5343b786c98bee</I>power (wealth),
more dominant control, intenser discipline, and stricter methods are but modes of securing more perfect integration. When we perceive this we see 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">that the<b>concentration of wealth is but one feature of a grand step in societal</b>evolution. Some may admit that the concentration of wealth is indispensable, but may XIDIVIWDR
desire to distinguish between joint-stock aggregations on 7ea99ed1b6714702bd5343b786c98bee the one side and individual fortunes on the other. This distinction is a product of the
current social prejudice 7ea99ed1b6714702bd5343b786c98bee and is not valid. 7ea99ed1b6714702bd5343b786c98bee The predominance of the individual and personal element in control is seen ERMTVNOVW in the tendency of all
joint-stock enterprises to come under the control of very few persons. Every age is befooled by the notions which are in fashion in it. Our age is 7ea99ed1b6714702bd5343b786c98bee
befooled by “democracy”; we hear arguments about the industrial organization which are deductions from democratic dogmas or which appeal 7ea99ed1b6714702bd5343b786c98bee
[83] to prejudice by using analogies drawn from democracy to affect 7ea99ed1b6714702bd5343b786c98bee sentiment about industrial relations. Industry may be republican; it never
can be democratic, so long as men GUDXTD differ in productive power and in industrial virtue. In our time joint-stock companies, which are in form
republican, are drifting over into oligarchies or monarchies because one or a few get greater efficiency of control and greater vigor of QGADKED
administration. They WTQ direct the enterprise in a way HWFBUVRQ which produces more, or more economically. This is the purpose for which the organization exists
and success in it outweighs everything else. We see the competent men refuse to join in the enterprise, unless they can control it, and we see XNN
the 7ea99ed1b6714702bd5343b786c98bee stockholders willingly put their property into the hands of those who are, as they think, competent to manage it successfully. The strongest and
most effective organizations for industrial purposes which are formed nowadays are those of a few great capitalists, who have great personal JSSFCY
confidence in each ether and who can bring together adequate means for whatever they desire to do. Some FDXMCGQ such nucleus of individuals controls all </p>
<BR /><BR />
<p align="left" style="font: 12px;">the great joint-stock companies. It is obvious that “concentration of wealth” can never be anything but a relative term. Between 1820 and 1830 Stephen Girard was a proverb for great CSWQMMVCY
wealth; to-day a man equally rich would not be noticed in New York for his wealth. In 1848 John Jacob Astor stood alone in point of wealth; to-day a 7ea99ed1b6714702bd5343b786c98bee
great number surphi him. a fortune of $300,000 was then regarded as constituting 7ea99ed1b6714702bd5343b786c98bee wealth; it was taken as a minimum above which men were “rich.”
It is BUQJXPT certain that before long some man will have a billion. It is impossible to criticize such a moving notion. The concentration of capital .</p>
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