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light¡¡the¡¡fact¡¡that¡¡the¡¡state¡¡of¡¡the¡¡industrial¡¡arts¡¡as¡¡it¡¡runs¡¡
under¡¡the¡¡new¡¡order¡¡is¡¡highly¡¡productive£»¡¡inordinately¡¡
productive¡£¡¡And£»¡¡finally£»¡¡there¡¡should¡¡be¡¡some¡¡gain¡¡of¡¡serenity¡¡
in¡¡realising¡¡how¡¡singularly¡¡consistent¡¡has¡¡been¡¡the¡¡run¡¡of¡¡
economic¡¡law¡¡through¡¡the¡¡ages£»¡¡and¡¡recalling£»¡¡once¡¡more¡¡the¡¡
reflection¡¡which¡¡John¡¡Stuart¡¡Mill¡¡arrived¡¡at¡¡some¡¡half¡­a¡­century¡¡
ago£»¡¡that£»¡¡¡¨Hitherto¡¡it¡¡is¡¡questionable¡¡if¡¡all¡¡the¡¡mechanical¡¡
inventions¡¡yet¡¡made¡¡have¡¡lightened¡¡the¡¡day's¡¡toil¡¡of¡¡any¡¡human¡¡
being¡£¡¨¡¡
¡¡
Chapter¡¡5¡¡
¡¡
The¡¡Vested¡¡Interests¡¡
¡¡
¡¡¡¡¡¡¡¡There¡¡are¡¡certain¡¡saving¡¡clauses¡¡in¡¡common¡¡use¡¡among¡¡persons¡¡
who¡¡speak¡¡for¡¡that¡¡well¡­known¡¡order¡¡of¡¡pecuniary¡¡rights¡¡and¡¡
obligations¡¡which¡¡the¡¡modern¡¡point¡¡of¡¡view¡¡assumes¡¡as¡¡¡¨the¡¡
natural¡¡state¡¡of¡¡man¡£¡¨¡¡Among¡¡them¡¡are¡¡these£º¡¡¡¨Given¡¡the¡¡state¡¡of¡¡
the¡¡industrial¡¡arts¡¨£»¡¡¡¨Other¡¡things¡¡remaining¡¡the¡¡same¡¨£»¡¡¡¨In¡¡the¡¡
long¡¡run¡¨£»¡¡¡¨In¡¡the¡¡absence¡¡of¡¡disturbing¡¡causes£»¡¨¡¡It¡¡has¡¡been¡¡the¡¡
praiseworthy¡¡endeavor¡¡of¡¡the¡¡votaries¡¡of¡¡this¡¡established¡¡law¡¡and¡¡
custom¡¡to¡¡hold¡¡fast¡¡the¡¡good¡¡old¡¡plan¡¡on¡¡a¡¡strategic¡¡line¡¡of¡¡
interpretation¡¡resting¡¡on¡¡these¡¡provisos¡£¡¡There¡¡have¡¡been¡¡
painstaking¡¡elucidations¡¡of¡¡what¡¡is¡¡fundamental¡¡and¡¡intrinsic¡¡in¡¡
the¡¡way¡¡of¡¡human¡¡institutions£»¡¡of¡¡what¡¡essentially¡¡ought¡¡to¡¡be£»¡¡
and¡¡of¡¡what¡¡must¡¡eventually¡¡come¡¡to¡¡pass¡¡in¡¡the¡¡natural¡¡course¡¡of¡¡
time¡¡and¡¡change¡¡as¡¡it¡¡is¡¡believed¡¡to¡¡run¡¡along¡¡under¡¡the¡¡guidance¡¡
of¡¡those¡¡indefeasible¡¡principles¡¡that¡¡make¡¡up¡¡the¡¡modern¡¡point¡¡of¡¡
view¡£¡¡And¡¡the¡¡disquieting¡¡incursions¡¡of¡¡the¡¡New¡¡Order¡¡have¡¡been¡¡
disallowed¡¡as¡¡not¡¡being¡¡of¡¡the¡¡essence¡¡of¡¡Nature's¡¡contract¡¡with¡¡
mankind£»¡¡within¡¡the¡¡constituent¡¡principles¡¡of¡¡the¡¡modern¡¡point¡¡of¡¡
view¡¡stabilised¡¡in¡¡the¡¡eighteenth¡¡century¡£¡¡
¡¡¡¡¡¡¡¡Now£»¡¡as¡¡has¡¡already¡¡been¡¡remarked¡¡in¡¡an¡¡earlier¡¡passage£»¡¡the¡¡
state¡¡of¡¡the¡¡industrial¡¡arts¡¡has¡¡at¡¡no¡¡time¡¡continued¡¡unchanged¡¡
during¡¡the¡¡modern¡¡era£»¡¡consequently¡¡other¡¡things¡¡have¡¡never¡¡
remained¡¡the¡¡same£»¡¡and¡¡in¡¡the¡¡long¡¡run¡¡the¡¡outcome¡¡has¡¡always¡¡
been¡¡shaped¡¡by¡¡the¡¡disturbing¡¡causes¡£¡¡All¡¡this¡¡reflects¡¡no¡¡
discredit¡¡on¡¡the¡¡economists¡¡and¡¡publicists¡¡who¡¡so¡¡have¡¡sketched¡¡
out¡¡the¡¡natural¡¡run¡¡of¡¡the¡¡present¡¡and¡¡future¡¡in¡¡the¡¡dry¡¡light¡¡of¡¡
the¡¡eighteenth¡­century¡¡principles£»¡¡since¡¡their¡¡reservations¡¡have¡¡
not¡¡been¡¡observed¡£¡¡The¡¡arguments¡¡have¡¡been¡¡as¡¡good¡¡as¡¡the¡¡
premises¡¡on¡¡which¡¡they¡¡proceed£»¡¡and¡¡the¡¡premises¡¡have¡¡once¡¡been¡¡
good¡¡enough¡¡to¡¡command¡¡unquestioning¡¡assent£»¡¡although¡¡that¡¡is¡¡now¡¡
some¡¡time¡¡ago¡£¡¡The¡¡fault¡¡appears¡¡to¡¡lie¡¡in¡¡the¡¡unexampled¡¡shifty¡¡
behavior¡¡of¡¡the¡¡latter¡­day¡¡facts¡£¡¡Yet¡¡however¡¡shifty£»¡¡these¡¡
facts£»¡¡too£»¡¡are¡¡as¡¡stubborn¡¡as¡¡others¡¡of¡¡their¡¡kind¡£¡¡
¡¡
¡¡¡¡¡¡¡¡The¡¡system¡¡of¡¡free¡¡competition£»¡¡self¡­help£»¡¡equal¡¡opportunity¡¡
and¡¡free¡¡bargaining¡¡which¡¡is¡¡contemplated¡¡by¡¡the¡¡modern¡¡point¡¡of¡¡
view£»¡¡assumes¡¡an¡¡industrial¡¡situation¡¡in¡¡which¡¡the¡¡work¡¡and¡¡
trading¡¡of¡¡any¡¡given¡¡individual¡¡or¡¡group¡¡can¡¡go¡¡on¡¡freely¡¡by¡¡
itself£»¡¡without¡¡materially¡¡helping¡¡or¡¡hindering¡¡the¡¡equally¡¡
untrammeled¡¡working¡¡of¡¡the¡¡rest¡£¡¡It¡¡has£»¡¡of¡¡course£»¡¡always¡¡been¡¡
recognised¡¡that¡¡the¡¡country's¡¡industry¡¡makes¡¡up¡¡something¡¡of¡¡a¡¡
connected¡¡system£»¡¡so¡¡that¡¡there¡¡would¡¡necessarily¡¡be¡¡some¡¡degree¡¡
of¡¡mutual¡¡adjustment¡¡and¡¡accommodation¡¡among¡¡the¡¡many¡¡
self¡­sufficient¡¡working¡¡units¡¡which¡¡together¡¡make¡¡up¡¡the¡¡
industrial¡¡community£»¡¡but¡¡these¡¡working¡¡units¡¡have¡¡been¡¡conceived¡¡
to¡¡be¡¡so¡¡nearly¡¡independent¡¡of¡¡one¡¡another¡¡that¡¡the¡¡slight¡¡
measure¡¡of¡¡running¡¡adjustment¡¡needed¡¡could¡¡be¡¡sufficiently¡¡taken¡¡
care¡¡of¡¡by¡¡free¡¡competition¡¡in¡¡the¡¡market¡£¡¡This¡¡assumption¡¡has£»¡¡
of¡¡course£»¡¡never¡¡been¡¡altogether¡¡sound¡¡at¡¡any¡¡stage¡¡in¡¡the¡¡
industrial¡¡advance£»¡¡but¡¡it¡¡has¡¡at¡¡least¡¡been¡¡within¡¡speaking¡¡
distance¡¡of¡¡facts¡¡so¡¡late¡¡as¡¡the¡¡eighteenth¡¡century¡£¡¡It¡¡was¡¡a¡¡
possible¡¡method¡¡of¡¡keeping¡¡the¡¡balance¡¡in¡¡the¡¡industrial¡¡system¡¡
before¡¡the¡¡coming¡¡of¡¡the¡¡machine¡¡industry¡£¡¡Quite¡¡evidently¡¡it¡¡
commended¡¡itself¡¡to¡¡the¡¡enlightened¡¡common¡¡sense¡¡of¡¡that¡¡time¡¡as¡¡
a¡¡sufficiently¡¡workable¡¡ideal¡£¡¡So¡¡much¡¡so¡¡that¡¡it¡¡then¡¡appeared¡¡
to¡¡be¡¡the¡¡most¡¡practical¡¡solution¡¡of¡¡the¡¡industrial¡¡and¡¡social¡¡
difficulties¡¡which¡¡beset¡¡that¡¡generation¡£¡¡It¡¡is¡¡fairly¡¡to¡¡be¡¡
presumed¡¡that¡¡the¡¡plan¡¡would¡¡still¡¡be¡¡workable¡¡in¡¡some¡¡fashion¡¡
today¡¡if¡¡the¡¡conditions¡¡which¡¡then¡¡prevailed¡¡had¡¡continued¡¡
unchanged¡¡through¡¡the¡¡intervening¡¡one¡¡hundred¡¡and¡¡fifty¡¡years£»¡¡if¡¡
other¡¡things¡¡had¡¡remained¡¡the¡¡same¡£¡¡All¡¡that¡¡was£»¡¡in¡¡effect£»¡¡
before¡¡the¡¡coming¡¡of¡¡the¡¡machine¡¡technology¡¡and¡¡the¡¡later¡¡growth¡¡
of¡¡population¡£¡¡
¡¡¡¡¡¡¡¡But¡¡as¡¡it¡¡runs¡¡today£»¡¡according¡¡to¡¡the¡¡new¡¡industrial¡¡order¡¡
set¡¡afoot¡¡by¡¡the¡¡machine¡¡technology£»¡¡the¡¡carrying¡­on¡¡of¡¡the¡¡
community's¡¡industry¡¡is¡¡not¡¡well¡¡taken¡¡care¡¡of¡¡by¡¡the¡¡loose¡¡
corrective¡¡control¡¡which¡¡is¡¡exercised¡¡by¡¡a¡¡competitive¡¡market¡£¡¡
That¡¡method¡¡is¡¡too¡¡slow£»¡¡at¡¡the¡¡best£»¡¡and¡¡too¡¡disjointed¡£¡¡The¡¡
industrial¡¡system¡¡is¡¡now¡¡a¡¡wide¡­reaching¡¡organisation¡¡of¡¡
mechanical¡¡processes¡¡which¡¡work¡¡together¡¡on¡¡a¡¡comprehensive¡¡
interlocking¡¡plan¡¡of¡¡give¡¡and¡¡take£»¡¡in¡¡which¡¡no¡¡one¡¡section£»¡¡
group£»¡¡or¡¡individual¡¡unit¡¡is¡¡free¡¡to¡¡work¡¡out¡¡its¡¡own¡¡industrial¡¡
salvation¡¡except¡¡in¡¡active¡¡copartnership¡¡with¡¡the¡¡rest£»¡¡and¡¡the¡¡
whole¡¡of¡¡which¡¡runs¡¡on¡¡as¡¡a¡¡moving¡¡equilibrium¡¡of¡¡forces¡¡in¡¡
action¡£¡¡This¡¡system¡¡of¡¡interlocking¡¡processes¡¡and¡¡mutually¡¡
dependent¡¡working¡¡units¡¡is¡¡a¡¡more¡¡or¡¡less¡¡delicately¡¡balanced¡¡
affair¡£¡¡Evidently¡¡the¡¡system¡¡has¡¡to¡¡be¡¡taken¡¡as¡¡a¡¡whole£»¡¡and¡¡
evidently¡¡it¡¡will¡¡work¡¡at¡¡its¡¡full¡¡productive¡¡capacity¡¡only¡¡on¡¡
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maintained¡¡at¡¡a¡¡faultless¡¡equilibrium£»¡¡and¡¡only¡¡when¡¡its¡¡
constituent¡¡working¡¡units¡¡are¡¡allowed¡¡to¡¡run¡¡full¡¡and¡¡smooth¡£¡¡But¡¡
a¡¡moderate¡¡derangement¡¡will¡¡not¡¡put¡¡it¡¡out¡¡of¡¡commission¡£¡¡It¡¡will¡¡
work¡¡at¡¡a¡¡lower¡¡efficiency£»¡¡and¡¡continue¡¡running£»¡¡in¡¡spite¡¡of¡¡a¡¡
very¡¡considerable¡¡amount¡¡of¡¡dislocation£»¡¡as¡¡is¡¡habitually¡¡the¡¡
case¡¡today¡£¡¡
¡¡¡¡¡¡¡¡At¡¡the¡¡same¡¡time¡¡any¡¡reasonably¡¡good¡¡working¡¡efficiency¡¡of¡¡
the¡¡industrial¡¡system¡¡is¡¡conditioned¡¡on¡¡a¡¡reasonably¡¡good¡¡
coordination¡¡of¡¡these¡¡working¡¡forces£»¡¡such¡¡as¡¡will¡¡allow¡¡each¡¡and¡¡
several¡¡of¡¡the¡¡working¡¡units¡¡to¡¡carry¡¡on¡¡at¡¡the¡¡fullest¡¡working¡¡
capacity¡¡that¡¡will¡¡comport¡¡with¡¡the¡¡unhampered¡¡working¡¡of¡¡the¡¡
system¡¡as¡¡a¡¡balanced¡¡whole¡£¡¡But¡¡evidently£»¡¡too£»¡¡any¡¡dislocation£»¡¡
derangement¡¡or¡¡retardation¡¡of¡¡the¡¡work¡¡at¡¡any¡¡critical¡¡point¡¡¡¡
which¡¡comes¡¡near¡¡saying¡¡at¡¡any¡¡point¡¡¡¡in¡¡this¡¡balanced¡¡system¡¡
of¡¡work¡¡will¡¡cause¡¡a¡¡disproportionately¡¡large¡¡derangement¡¡of¡¡the¡¡
whole¡£¡¡The¡¡working¡¡units¡¡of¡¡the¡¡industrial¡¡system¡¡are¡¡no¡¡longer¡¡
independent¡¡of¡¡one¡¡another¡¡under¡¡the¡¡new¡¡order¡£¡¡
¡¡¡¡¡¡¡¡It¡¡is£»¡¡perhaps£»¡¡necessary¡¡to¡¡add¡¡that¡¡the¡¡industrial¡¡system¡¡
has¡¡not¡¡yet¡¡reached¡¡anything¡¡like¡¡the¡¡last¡¡degree¡¡of¡¡development¡¡
along¡¡this¡¡line£»¡¡it¡¡is¡¡at¡¡least¡¡not¡¡yet¡¡a¡¡perfected¡¡automatic¡¡
mechanism¡£¡¡But¡¡it¡¡should¡¡also¡¡be¡¡added¡¡that¡¡with¡¡each¡¡successive¡¡
advance¡¡into¡¡the¡¡new¡¡order¡¡of¡¡industry¡¡created¡¡by¡¡the¡¡machine¡¡
technology£»¡¡and¡¡at¡¡a¡¡continually¡¡accelerated¡¡rate¡¡of¡¡advance£»¡¡the¡¡
processes¡¡of¡¡industry¡¡are¡¡being¡¡more¡¡thoroughly¡¡standardised£»¡¡the¡¡
working¡¡units¡¡of¡¡the¡¡system¡¡as¡¡a¡¡whole¡¡demand¡¡a¡¡more¡¡undeviating¡¡
maintenance¡¡of¡¡its¡¡moving¡¡equilibrium£»¡¡a¡¡more¡¡exacting¡¡mechanical¡¡
correlation¡¡of¡¡industrial¡¡operations¡¡and¡¡equipment¡£¡¡And¡¡it¡¡seems¡¡
reasonable¡¡to¡¡expect¡¡that¡¡things¡¡are¡¡due¡¡to¡¡move¡¡forward¡¡along¡¡
this¡¡line¡¡still¡¡farther¡¡in¡¡the¡¡calculable¡¡future£»¡¡rather¡¡than¡¡the¡¡
reverse¡£¡¡
¡¡¡¡¡¡¡¡This¡¡state¡¡of¡¡things¡¡would¡¡reasonably¡¡suggest¡¡that¡¡the¡¡
control¡¡of¡¡the¡¡industrial¡¡system¡¡had¡¡best¡¡be¡¡entrusted¡¡to¡¡men¡¡
skilled¡¡in¡¡these¡¡matters¡¡of¡¡technology¡£¡¡The¡¡industrial¡¡system¡¡
does¡¡its¡¡work¡¡in¡¡terms¡¡of¡¡mechanical¡¡efficiency£»¡¡not¡¡in¡¡terms¡¡of¡¡
price¡£¡¡It¡¡should¡¡accordingly¡¡seem¡¡reasonable¡¡to¡¡expect¡¡that¡¡its¡¡
control¡¡would¡¡be¡¡entrusted¡¡to¡¡men¡¡experienced¡¡in¡¡the¡¡ways¡¡and¡¡
means¡¡of¡¡technology£»¡¡men¡¡who¡¡are¡¡in¡¡the¡¡habit¡¡of¡¡thinking¡¡about¡¡
these¡¡matters¡¡in¡¡such¡¡terms¡¡as¡¡are¡¡intelligible¡¡to¡¡the¡¡engineers¡£¡¡
The¡¡material¡¡welfare¡¡of¡¡the¡¡community¡¡is¡¡bound¡¡up¡¡with¡¡the¡¡due¡¡
working¡¡of¡¡this¡¡industrial¡¡system£»¡¡which¡¡depends¡¡on¡¡the¡¡expert¡¡
knowledge£»¡¡insight£»¡¡and¡¡disinterested¡¡judgment¡¡with¡¡which¡¡it¡¡is¡¡
administered¡£¡¡It¡¡should¡¡accordingly¡¡have¡¡seemed¡¡expedient¡¡to¡¡
entrust¡¡its¡¡administration¡¡to¡¡the¡¡industrial¡¡engineers£»¡¡rather¡¡
than¡¡to¡¡the¡¡captains¡¡of¡¡finance¡£¡¡The¡¡former¡¡have¡¡to¡¡do¡¡with¡¡
productive¡¡efficiency£»¡¡the¡¡latter¡¡with¡¡the¡¡higgling¡¡of¡¡the¡¡
market¡£¡¡
¡¡¡¡¡¡¡¡However£»¡¡by¡¡historical¡¡necessity¡¡the¡¡discretionary¡¡control¡¡in¡¡
all¡¡that¡¡concerns¡¡this¡¡highly¡¡technological¡¡system¡¡of¡¡industry¡¡
has¡¡come¡¡to¡¡vest¡¡in¡¡those¡¡persons¡¡who¡¡are¡¡highly¡¡skilled¡¡in¡¡the¡¡
higgling¡¡of¡¡the¡¡market£»¡¡the¡¡masters¡¡of¡¡financial¡¡intrigue¡£¡¡And¡¡so¡¡
great¡¡is¡¡the¡¡stability¡¡of¡¡that¡¡system¡¡of¡¡law¡¡and¡¡custom¡¡by¡¡grace¡¡
of¡¡which¡¡these¡¡persons¡¡claim¡¡this¡¡power£»¡¡that¡¡any¡¡disallowance¡¡of¡¡
their¡¡plenary¡¡control¡¡over¡¡the¡¡material¡¡fortunes¡¡of¡¡the¡¡community¡¡
is¡¡scarcely¡¡within¡¡reason¡£¡¡All¡¡the¡¡while¡¡the¡¡progressive¡¡shifting¡¡
of¡¡ground¡¡in¡¡the¡¡direction¡¡of¡¡a¡¡more¡¡thoroughly¡¡mechanistic¡¡
organisation¡¡of¡¡industry¡¡goes¡¡on¡¡and¡¡works¡¡out¡¡into¡¡a¡¡more¡¡and¡¡
more¡¡searching¡¡standardisation¡¡of¡¡works¡¡and¡¡methods¡¡and¡¡a¡¡more¡¡
exacting¡¡correlation¡¡of¡¡industries£»¡¡in¡¡an¡¡ever¡¡increasingly¡¡large¡¡
and¡¡increasingly¡¡sensitive¡¡industrial¡¡system¡£¡¡All¡¡the¡¡while¡¡the¡¡
whole¡¡of¡¡it¡¡grows¡¡less¡¡and¡¡less¡¡manageable¡¡by¡¡business¡¡methods£»¡¡
and¡¡with¡¡every¡¡successive¡¡move¡¡the¡¡control¡¡exercised¡¡by¡¡the¡¡
business¡¡men¡¡in¡¡charge¡¡grows¡¡wide

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