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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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' C(., f.ff., Maurice L»lr, P Imperialitme nlUmand, eapecUlly ch. II, Mid III, The like change of ivntimeni in visible in tbe Britiih commUDity. Cf. Hobson, Imperinlixm, especialt; pt, IX. cb. I,

NATUEAL DECAY OF BUSINESS ENTEBPRI8B 39S

animosity made by victories, defeats, or compariflona of military and naval strength, act to rehabilitate lost ideals and vi-eakened convictions of the chauvinistic or dynastic order. At the same stroke they direct the popular interest to other, nobler, institutionally less hazardous matters than the unequal distribution of wealth or of creatine comforts. Warlike and patriotic preoccupations fortify the barbarian virtues of subordination and prescriptive authority. Habituation to a warlike, predatory scheme of life is the strongest disciplinary factor that can be brought to counteract the vulgarization of modern life wrought by peaceful industry and the machine process, and to rehabilitate the decaying sense of status and differential dignity. Warfare, with the stress on subordination and mastery and the insistence on gradations of dignity and honor incident to a militant organization, has always proved an effective school in barbarian methods of thought.

In this direction, evidently, lies the hope of ai corrective for "social unrest" and similar disorders of civilized life. There can, indeed, be no serious question but that a consistent return to the ancient virtues of allegiance, piety, servility, graded dignity, class prerogative, and prescriptive authority would greatly conduce to popular content and to the facile management of affairs. Such is the promise held out by a strenuous national policy.

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