Word: ownership
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Dates: during 1910-1919
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...people. Take such matters as injurious trades, unhealthy tenements, unfair competition with rivals, oppressive treatment of employees, dishonest products, disregard of the public safety or comfort, dealing with public authorities which, even if not corrupt, are unconscionable. It is in questions of this kind that the evils of absentee-ownership are felt today. The investor does not inquire into them, or trouble himself about them. The stock is paying large dividends and is a good investment. It may be doing business in another state, or operating all over the country, and it is not easy to find out what...
...Berger's solution of the situation is to buy out the trusts. In this way they would come under public ownership, and all public utilities necessary for the welfare and life of the nation would eventually come into the hands of the people, over 70 per cent, of whom belong to the working class...
...present system of private ownership and operation of industry for private gain, the motive of self-interest again and again conflicts with the public good. But apart from deliberate disregard for the public welfare by individuals, the present system of industry is continually breaking down from forces inherent in itself. For instance, when production is curtailed; when the shops shut down and people are thrown out of employment because of "over-production,"--because too much has been produced! What a paradox! Poverty caused by overabundance! And can a system of industry continue which inevitably divides society into two hostile classes...
...good men, but just men--the trouble is that laboring men are producing wealth and then are not possessing it. Each year labor is taking a smaller part of the produce of industry, while capital takes now four-fifths of it. The Socialist remedy for this is national ownership of those industries which produce articles necessary to life. Private property has nothing to do with the question except as it deals with necessities. The Socialists believe only that things common to all should be owned and operated for the benefit...
...change to common ownership may come in two ways: it may be done by purchasing the industries with public bonds or by taking them as already being the real property of the people. However it comes, its arrival is inevitable, for it is a logical evolution from the first combination made in the thirteenth century. What we should do is to follow the natural trend of evolution, in order that men may work no longer to create wealth for others but rather for themselves, and that there shall be no more poverty in the world and slums shall disappear...