Essay On Knowledge Is Better Than Wealth

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Nor is there any middle ground which such men can occupy, because the great manufacturing or commercial concern which does not earn at least interest upon its capital soon becomes bankrupt.

It must either go forward or fall behind: to stand still is impossible.

When these apprentices rose to be masters, there was little or no change in their mode of life, and they, in turn, educated in the same routine succeeding apprentices.

There was, substantially social equality, and even political equality, for those engaged in industrial pursuits had then little or no political voice in the State.

But the inevitable result of such a mode of manufacture was crude articles at high prices.

Essay On Knowledge Is Better Than Wealth Technology Causes And Effects Essay

Today the world obtains commodities of excellent quality at prices which even the generation preceding this would have deemed incredible.The price we pay for this salutary change is, no doubt, great.We assemble thousands of operatives in the factory, in the mine, and in the counting-house, of whom the employer can know little or nothing, and to whom the employer is little better than a myth. Rigid castes are formed, and, as usual, mutual ignorance breeds mutual distrust.The contrast between the palace of the millionaire and the cottage of the laborer with us today measures the change which has come with civilization.This change, however, is not to be deplored, but welcomed as highly beneficial.The farmer has more luxuries than the landlord had, and is more richly clad and better housed.The landlord has books and pictures rarer, and appointments more artistic, than the King could then obtain.What were the luxuries have become the necessaries of life.The laborer has now more comforts than the landlord had a few generations ago.Having accepted these, it follows that there must be great scope for the exercise of special ability in the merchant and in the manufacturer who has to conduct affairs upon a great scale.That this talent for organization and management is rare among men is proved by the fact that it invariably secures for its possessor enormous rewards, no matter where or under what laws or conditions.


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