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The restoration of the gild system

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The restoration of the gild system

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    Available in PDF Format | The restoration of the gild system.pdf | Unknown
    Arthur J. Penty
Excerpt from book: CHAPTER III THE SPHERE OF POLITICAL REFORM IN passing to the constructive side of our theme, it is first necessary to realize clearly that as commercialism, not competition, is the evil from which modern society suffers: the real battles of reform are to be fought in the industrial, not in the political arena. To abolish commercialism it is necessary to transfer the control of industry from the hands of the financier into those of the craftsman, and as this change is ultimately dependent upon such things as the recovery of a more scrupulous honesty in respecl: to our trade relationships, the restoration of living traditions of handicraft, and the emergence of nobler conceptions of life in general, it is evident that the nature of the reforms is such as to place the centre of gravity of the reform movement outside the sphere of politics. At the same time it is well to remember that, though the solution is not a political one it has, nevertheless, a political aspect, for in this endeavour to reform industry the legislature may assist. Recognizing the truth that nobler conceptions of life are essential to the salvation of society, and that the desired change should be in the direction of simpler conditions of life, the legislature can greatly facilitate such a change by the wise expenditure of that portion of the surplus wealth of the nation which they would derive from the taxation of unearned incomes. In the long run it is the expenditure of surplus wealth which determines in what direction industrial energy shall be employed: and just as foolish expenditure is the forerunner of depression and decay, so wise expenditure imparts health and vigour to the body politic. " The vital question for individual and for nation," as Ruskin said, " is not, how much do they make ? but t...  
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  • PDF | 114 pages
  • Arthur J. Penty
  • BiblioLife
  • Unknown
  • 8
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