Die Rohstoffversorgung der deutschen eisenerzeugenden Industrie

The new industrial revolution and wages

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Monograph

Identifikator:: 1762973367

URN:: urn:nbn:de:zbw-retromon-142339

Document type:: Monograph

Title:: Die Rohstoffversorgung der deutschen eisenerzeugenden Industrie

Place of publication:: Berlin

Publisher:: E. S. Mittler & Sohn

Year of publication:: 1928

Scope:: VIII, 513 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Anlagen

Collection:: Economics Books

306 INDUSTRIAL REVOLUTION AND WAGES acquisition of water power and other natural resources— to use political methods for obtaining special favors and privileges from the government. Industry as a whole, or real industrial leadership in America, however, does not countenance such methods. Aside from the obvious lack of patriotism and honor in such an attitude, and the conse- quent debauching of political life, it knows that such a policy is short-sighted, ultimately unprofitable, and inevit- ably destructive to the industrial and trade interests in- volved, The new industrial era in America has been built pri- marily upon the rock of service and performance, and not the least amazing of the many marvelous developments of the new industrial revolution has been the discovery by modern industry that equity and service actually pay and are the essentials of permanent industrial achievement. So-called industrialists and financiers who still mouth the hackneyed phrases that “we need more business in govern- ment and less government in business” show themselves to be possessed of a superficial attitude which modern in- dustry has discredited and forgotten. This slogan was formerly used in a cheap political way to glorify business and industry in a selfish, pecuniary sense, and to detract from governmental interference with business in the sense that governmental interference was costly and tabu, even tho it represented the democratic aims and aspirations of the people. The enlightened and far-seeing industrial leaders and financiers of the modern world, however, know and declare that industry is depend- ent upon a cooperative, stimulating government attitude, and “friendly” assistance, in the best sense of the word “friendly.” The fundamental principle involved in the proper rela- tion between government and industry obviously is that in-

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