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The attraction of so many business leaders to systems of government-enforced trade practice standards reflected a continuing institutionalization of … - Butler D. Shaffer
" "The attraction of so many business leaders to systems of government-enforced trade practice standards reflected a continuing institutionalization of economic life. The systemwide benefits of maintaining openness in competition—with no legal restrictions on freedom of entry into the marketplace or on the terms and conditions for which parties could contract with one another—were being rejected by business organizations more concerned with the survival of individual firms and industries. As a consequence, business leaders expressed an increasing desire for the maintenance of conditions of equilibrium that would help preserve the positions of existing firms. Free and unrestrained competition demanded a continuing resiliency in responding to market changes. The innovation in products, services, and business methods that made economic life creative and vibrant came to be seen as a threat to the survival of firms unable or unwilling to respond. Concerns for security and stability began to take priority over autonomy and spontaneity in the thinking of most business leaders.
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About Butler D. Shaffer
Butler D. Shaffer (January 12, 1935 – December 29, 2019) was an American author, law professor and speaker, known for his numerous libertarian books and blog articles for LewRockwell.com.
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Additional quotes by Butler D. Shaffer
Businessmen came to embrace the industrial theology of ‘responsibility,’ and learned a new set of cartelizing catechisms. The campaign to reform trade practices and promote ‘fair’ competition had little, if anything, to do with business ethics, efficiency, ‘justice,’ ‘fairness,’ the elimination of waste, or any of the other rationalizations employed on behalf of ‘industrial self-rule.’ It was, instead, part of a strategy designed to secure the political supervision indispensable to the group domination of industry members. Only in the structuring of economic behavior, it came to be thought, could the status quo be maintained against the inconstancies and uncertainties of the marketplace.
Those who do not understand the Amish often imagine that their resistance to new technologies arises from a sense of ‘evil’ they see in such tools. But this is not the case. The Amish do employ tools, but if someone wants to consider bringing a new technology into the community, the Amish study it with this thought in mind: will acceptance of this technology make us dependent upon the external world, such that we will be tempted to change our ways? An automobile, for instance, would make the Amish have to rely on parts manufacturers, tire and battery sellers, and petroleum companies to keep it operative.
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If, on one occasion, a police officer brutalizes a harmless individual, does that mean that a police-state has arisen? No, but intelligent minds should recognize that such totalitarian consequences are implicit in such an act, and should respond accordingly. I am reminded of that powerful scene at the end of the movie, Judgment at Nuremberg. Judge Haywood (played by Spencer Tracy) has been called to the jail cell of the Nazi judge (played by Burt Lancaster) who has just been given a life sentence for his crimes. The convicted judge tells Judge Haywood: ‘Those people, those millions of people. . . I never knew it would come to that.’ Judge Haywood replies: ‘it ‘came to that’ the first time you sentenced a man to death you knew to be innocent.’
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