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Updated: May 1, 2025
The lands here were not so rich as the wide acres thirty miles or more below, where on the fat bottom soil, black and deep, the negroes raised in abundance the wealth-making crop of the country. On the contrary, this, although it was the capital of the vast Dunwody holdings thereabout, was chosen not for its agricultural richness so much as for its healthfulness and natural beauty.
"I will readily admit," I said, "that our industrial system was ethically very bad, but as a mere wealth-making machine, apart from moral aspects, it seemed to us admirable."
Why, dear me, there never would have been any possibility of making a great fortune in a lifetime if the maker had confined himself to his own product. The whole acknowledged art of wealth-making on a large scale consisted in devices for getting possession of other people's product without too open breach of the law.
No doubt we must be armed to-day, but every penny we divert from men-making and knowledge-making to armament beyond the margin of bare safety is a sacrifice of the future to the present. Every penny we divert from national wealth-making to national weapons means so much less in resources, so much more strain in the years ahead.
No previous experience had therefore prepared the public for the prodigious efficiency of the new economic enginery. The people had thought the reformers made rather large promises as to what the new system would do in the way of wealth-making, but now they charged them of keeping back the truth.
And surely this is enough to say about the incentives to wealth-making which the world lost in abandoning private capitalism, first general poverty, and second the profit system, which caused that poverty. Decidedly we can dispense with those incentives.
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