THE COLLECTED WORKS OF THORSTEIN VEBLEN: Business Theories, Economic Articles & Essays. Thorstein Veblen

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THE COLLECTED WORKS OF THORSTEIN VEBLEN: Business Theories, Economic Articles & Essays - Thorstein Veblen

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on industrial as contrasted with business lines. Their sense of economic solidarity does not seem to be defective, indeed it seems to many of their critics to be unnecessarily pronounced; but it runs on lines of industrial coherence and mechanical constraint, not on lines given by pecuniary conjunctures and conventional principles of economic right and wrong.

      The perplexity of those who protest against a supposedly imminent socialistic subversion of property rights is of a twofold kind: (1) The absence of proprietary rights is incomprehensible, and a living together in society without defined ownership of the means of living is held to be impracticable; ownership of goods, in the apprehension of the conservative critics, is involved in the presence of goods. (2) Ownership of the means of living is an inalienable right of man, ethically inevitable; the cancelment of property rights is felt to violate a fundamental principle of morals. All this, of course, proceeds on the assumption that the institution of ownership cannot be abrogated, as being an elemental function of human nature and an integral factor in the order of things in which human life belongs.

      To the modern socialist all this is coming to be less and less convincing. In this respect there is a fairly well marked progressive change in the attitude of the professed socialists. Their position is progressively less capable of being formulated as a business proposition; their demands are progressively more difficult to state in the form of a pecuniary claim. The claim to the full product of labor, which once filled a large place in socialistic clamors and had a great carrying force during the earlier three-quarters of the nineteenth century, has gradually fallen into abeyance, both with the agitators and the adherents of the propaganda, during the last generation. To-day this claim is an afterthought in the advocate's presentation of socialism, more frequently than it is a point of departure for the argument, and it is made more of by the proselytes, who have carried the metaphysics of it over from the current common sense of the business community, than by the socialists of confirmed standing. The claim to the full product is an article of natural-rights dogma, and as such it is a reminiscence of the institutional situation from which socialism departs, rather than a feature of the prospective situation to which socialistic sentiment looks.

      The question of equity or inequity in the distribution of wealth presumes the validity of ownership rights on some basis or other, or at least it presumes the validity of some basis on which the claims of ownership may be discussed. Ownership is the major premise of any argument as to the equity of distribution, and it is this major premise that is being forgotten by the classes among whom socialistic sentiment is gaining. Equity in this connection seems not to belong in the repertory of socialist concepts. It is at this point - the point of a common ground of argument- that the discrepancy occurs which stands in the way, not only of an eventual agreement between the socialists and their conservative critics, but even of their meeting one another's reasoning with any substantial effect. In the equipment of common-sense ideas on the basis of which the conservatives reason on this matter, there is included the conventional article of ownership, as a prime fact; in the common-sense basis of socialistic thinking this conventional premise has no secure place. There is, therefore, a discrepancy in respect of the metaphysics underlying the knowledge and reasoning of the two parties to the controversy, and the outlook for a common understanding is accordingly vain. No substantial agreement upon a point of knowledge or conviction is possible between persons who proceed from disparate preconceptions.

       Still the conservative reformers and the iconoclasts have a good deal in common. The prevalent habit of mind of both classes is a hybrid product of conventional principles and matter-of-fact insight. But these two contrasted grounds of opinion and aspiration are present in unequal degrees in the two contrasted classes; in the conservatives the conventional grounds of finality dominate and bear down the matter-of-fact knowledge of things, while the converse is true of the iconoclasts. Contrasted with earlier times and other cultural regions the consensus, the general drift, of the modern Western culture as a whole is of an iconoclastic character; while the class contrast here in question lies only within the range of this Western cultural consensus. As one or the other of the two contrasted proclivities - recourse to conventional precedents and recourse to matter-of-fact insight - gains and overbalances the other, the general cultural movement will drift toward a more conservative (archaic), conventional position or toward a more iconoclastic, materialistic position. During modern times the cultural drift has set in the latter direction. With due but not large exceptions, the effective body of the modern population has been growing more matter-of-fact in their thinking, less romantic, less idealistic in their aspirations, less bound by metaphysical considerations in their view of human relations, less mannerly, less devout.

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