Problems in American Democracy by Thames Ross Williamson
page 112 of 808 (13%)
page 112 of 808 (13%)
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involves large numbers of people, including the cattle grower, the
transportation agent, the tanner, numerous laborers, the individuals who supply land and capital to the entrepreneur, and the entrepreneur who conducts the enterprise. The welfare of millions of people is involved in the distribution of industrial income among individuals who coƶperate in such enterprises as this. 84. DIFFICULTY OF THE PROBLEM.--Under modern industrial conditions most commodities are produced by the combined efforts of large numbers of people. All these people help along the productive process, though in different ways and to a varying degree. Since all help, all are entitled to payment. But this is less simple than it sounds. How shall we determine how much each one helps, and how shall we decide how much each one is to receive? At the outset of the discussion, we can be sure of at least one fact, _i.e._ that since all the individuals involved in a given enterprise must be paid out of the value of the finished product, the combined sums received by them cannot long exceed the total value of that product. Unfortunately, this fact is often overlooked. Many of the individuals who aid in production often become so intent upon securing their share, that they are over-ready to explain their contribution to the product, but loath to give due credit to those who have coƶperated with them. It is the belief that some individuals receive too little of the joint income of industry, while other individuals receive too large a share, which has given rise to the charge of injustice in the distribution of wealth. 85. SIGNIFICANCE OF THE ENTREPRENEUR IN DISTRIBUTION.--For the sake of clearness, let us continue to illustrate the nature of distribution by |
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