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Economic Tangles; Industrial Problems Explained Through Lessons Drawn from Passing Events

Economic Tangles; Industrial Problems Explained Through Lessons Drawn from Passing Events


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About the Book

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III. THE WORLD'S TRIBUTE TO MONOPOLY. Can any country have too much land, capital or labor? The papers sometimes speak of a man being land poor, but by that expression the information intended to be conveyed is that the man has control of a larger acreage than he can pay taxes on. He has loaded himself with unproductive land that he will not work himself nor allow anyone else to, except at a price that is practically prohibitory. Were his figures within the judgment of others, the land would be immediately sold. But this expression is never applied to a country. The bigger the area the bigger the nation, or at least the greater the possibility of having a large population. No, there cannot be too much land; there can only be too much greed in grabbing land for the purpose of exploiting the public. Those ruined by land speculation do not deserve the sympathy of the public. They have simply failed in their desire to get something for nothing. Can any country have too much capital? What is capital? Labor produces wealth and that part of wealth used in aiding labor to produce more wealth is capital. As there cannot be too many useful tools, enabling the average human being to produce more wealth with a certain amount of human exertion, so there cannot be too much of this wealth utilized for the production of more wealth. Without capital the laborer could doubtless exist, but he would not be much above the brute. It would take all his time, thoughts and exertion to produce food, clothing and shelter. Without capital he must depend on his brain to so direct his muscles as to offset by cunning the superior speed and strength and the timidity of the animal world. Man would be little above the brute did he not have the benefit of capital. Can any country have too muc...


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Product Details
  • ISBN-13: 9780217708937
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 68
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 0217708935
  • Publisher Date: 08 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 141 gr


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