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nydus/The Theory of Business EnterprisePublic

Thorstein Veblen examines the modern industrial system as a structure defined by the machine process and investment for profit. He analyzes how business enterprise and the pursuit of financial gain serve as the primary forces directing contemporary economic organization.

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cessful business men are at least as well persuaded that such is their relation to the aggregate wealth and to the material well-being of the community at large. So that both the business men whose gains are sought to be enhanced by business politics and the populace by whose means the business gains are secured work together in good faith towards a well-advised business end, — the accumulation of wealth in the hands of those men who are skilled in pecuniary matters.^

The manner in which business interests work out in government policy may be shown by following up their bearing upon one phase of this policy. An extreme expression of business politics, and at the same time a characteristic trait of the higher levels of national life in Christendom, is the ciuv rent policy of war and armaments. Modern business is competitive, emulative, and the direction of business enterprise is in the hands of men who are single-minded in their competitive conduct of

1 The two c«mplemeiitaiy seDtiments — patrlotiam and pecunluy •olidarity — are found in unequal measure among the aereral nationa of Cbristendom. The disparity in this reepect corresponds rougtil; with adisparity iu past national experience. The Contineutal peoples, t.g., have, on the whole, a readier and fuller, more unequivocal, patriotic coQviction, as they have also had a longer, more severe, and later discipline in the fealty that goes witb a system of dynastic warfare and graded servitude ; whereas the English .speaking peoples are animated with a more secure conviction that money value is the chief end of •erloua endeavor and that business solvency is Uie llnal attribute of manhood. But in either case the outcome is the primacy of buslneaa in

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