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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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Is it not the larger and the longer hope and interest of America to live as a great partner in... a society of nations, rather than to live a life of isolated prosperity... ?
John A. Hobson
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The richly nourished patriotism of war breeds divisions and antagonisms which are easily exploited afterwards by political, racial, religious, and cultural passions, but most of all by economic interests.
John A. Hobson
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Under socialized industry progress in the industrial arts would be slower and would absorb a smaller proportion of individual interest, in order that progress in the finer intellectual and moral arts might be faster, and might engage a larger share of life.
John A. Hobson
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If the interests of consumers and the interests of producers weighed equally in the eyes of governments, as they should, the strongest of all obstacles to a peaceful harmonious society of nations would be overcome. For the suspicions, jealousies, and hostilities of nations are inspired more by the tendency of groups of producers to misrepresent their private interests as the good of their respective countries than by any other single circumstance.
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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