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At first the Administration will purchase these things from the private manufacturers, in such large quantities that it will be able to obtain them at the very cheapest rate, and as there will be no heavy rents to pay for showy shops, and no advertising expenses, and as the object of the Administration will be not to make profit, but to supply its workmen and officials with goods at the lowest price, they will be able to sell them much cheaper than the profit-making private stores.
The gardens ought to have been made self-supporting; there were at least a third too many servants in the house; and as for the estate, instead of being a profit-making and food-producing concern, as it should have been, it was a bye-word for bad management and neglected land. She did not pretend to know much about it yet; but what she did know roused her. England was at grips with a brutal foe.
The national debt, aside from that based on profit-making governmental undertakings, like railways, is to be reduced, and nationalization of other monopolies is not to be undertaken until new measures of taxation have become effective. These are a graduated land tax and an extension of the graduated income and inheritance taxes. The program concludes with vigorous measures for national defense.
He is puzzled, and he cannot escape the unpleasant feeling that commerce has put its profit-making fingers into Christmas. Such a lot of things seem to be manufactured on purpose that people may perform a duty that is expected of them in the holidays.
But here is the difference between the position of the workers and the profit-makers: to the latter, the profit-grinders, war is necessary; you cannot have profit-making without competition, individual, corporate, and national; but you may work for a livelihood without competing; you may combine instead of competing.
That had always been its fate in all the long centuries of its history; and in the first period of British rule the trading company which had acquired this amazing empire had naturally regarded it as primarily a source of profit. In 1833 the company was forbidden to engage in trade, and the profit-making motive disappeared.
He is puzzled, and he cannot escape the unpleasant feeling that commerce has put its profit-making fingers into Christmas. Such a lot of things seem to be manufactured on purpose that people may perform a duty that is expected of them in the holidays.
He felt that he had stepped out of the greedy, vulgar, self-seeking world, the world of silk and markets and profit-making stepped into the cleaner atmosphere where spiritual ideals were paramount and life was simple and devoted. It all charmed him inexpressibly, so that he realised yes, in a sense the degradation of his twenty years' absorption in business.
The commissions earned by brokers are smaller, and the whole City feels that this is no time for profit-making, but for hard and ill-paid work, with depleted staffs, to help the great task of financing a great war. The Stock Exchange is half empty and nearly idle.
The greed of men stimulated by the spectacle of profit-making all around them, and also by the burden of the interest on the money which they have been obliged to borrow, will not allow them even to approach a true system of co-operation.
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