Jeniffer electronic book

The American millionaire and his supporters
claim, of course, that any diminution of opportunity and independence
would be fatal. To dispute this inference, however, does not involve the
abandonment of the rule itself. A democratic economic system, even more
than a democratic political system, must delegate a large share of
responsibility and power to the individual, but under conditions, if
possible, which will really make for individual efficiency and
distinction.
The grievance which a democrat may feel towards the existing economic
system is that it makes only partially for genuine individual economic
efficiency and distinction. The political power enjoyed by an individual
American rarely endures long enough to survive its own utility. But
economic power can in some measure at least be detached from its
creator. Let it be admitted that the man who accumulates $50,000,000 in
part earns it, but how about the man who inherits it? The inheritor of
such a fortune, like the inheritor of a ducal title, has an opportunity
thrust upon him.


Pages:
412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436