A better system can do all these things,
and can be established by the democracy whenever it grows weary of
enduring evils which there is no reason to endure.
We may distinguish four purposes at which an economic system may aim:
first, it may aim at the greatest possible production of goods and at
facilitating technical progress; second, it may aim at securing
distributive justice; third, it may aim at giving security against
destitution; and, fourth, it may aim at liberating creative impulses
and diminishing possessive impulses.
Of these four purposes the last is the most important. Security is
chiefly important as a means to it. State socialism, though it might
give material security and more justice than we have at present, would
probably fail to liberate creative impulses or produce a progressive
society.
Our present system fails in all four purposes. It is chiefly defended
on the ground that it achieves the first of the four purposes, namely,
the greatest possible production of material goods, but it only does
this in a very short-sighted way, by methods which are wasteful in the
long run both of human material and of natural resources.
Capitalistic enterprise involves a ruthless belief in the importance
of increasing material production to the utmost possible extent now
and in the immediate future.
Pages:
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35