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John A. Hobson -
Competition
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The generally accepted image of international trade is one in which a number of trading communities... are engaged in striving each to win for itself, and at the expense of the others, the largest possible share of a strictly limited objective—the world market.... So far as world or international trade is rightly presented as a competitive process, that competition takes place not between America, Britain, Germany, but between a number of separate American, British, German, firms. The immediate interests of these firms is not directed along political lines.
John A. Hobson
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Much individual enterprise in industry does not make for industrial progress. A larger and larger proportion of the energy given out in trade competition is consumed in violent warfare between trade rivals and is not represented either in advancement of industrial arts or in increase of material wealth.
John A. Hobson
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All progress, from primitive savagedom to modern civilisation, will... appear as consisting in the progressive socialisation of the lower functions, the stoppage of lower forms of competition and of the education of the more brutal qualities, in order that a larger and larger proportion of individual activity may be engaged in the exercise of higher functions, the practice of competition upon higher planes, and the education of higher forms of fitness.
John A. Hobson
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We now stand face to face with the main objection so often raised against all endeavours to remedy industrial and social diseases by the expansion of public control.... The strife, danger, and waste of industrial competition are necessary conditions to industrial vitality.
John A. Hobson
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
John A. Hobson
Born:
July 6, 1858
Died:
April 1, 1940
(aged 81)
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