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Excerpt from The Problem of the Trust
The stream of wealth flowing into the coffers of the rich is itself again divided into two streams, one of which goes to satisfy what they are pleased to regard as their necessities of existence, a wonderful conglomerate of beefsteaks, truffles, champagne, private cars and steam yachts, golf balls, picture galleries, food and clothing for their servants, etc., all classified under the general head of consumables and is denominated by the general term of spent money.
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The Problem of the Trust (Classic Reprint)
Print-on-DemandAnbieter: Forgotten Books, London, Vereinigtes Königreich
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Paperback. Zustand: New. Print on Demand. This book delves into the evolution of industry and offers insights into the inevitable rise of monopolies in a competitive economic system. The author argues that trusts, initially formed to protect against overproduction, have become a permanent fixture due to the limited capacity for consumption by the working class and the ever-increasing productivity of modern machinery. The author contends that the resulting overabundance of capital will ultimately force all industries into the hands of trusts. However, the author also highlights the paradox inherent in this development, as trusts, while offering protection against competition, cannot withstand the cessation of demand caused by widespread unemployment. Ultimately, the author posits that the only solution to this conundrum is the nationalization of industry, paving the way for a more democratic and sustainable economic system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9780243272907_0
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The Problem of the Trust Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9780243272907
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The Problem of the Trust Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9780243272907
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