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Industrial progress would undoubtedly be slower under state-control, because the very object of such control is to divert a larger proportion of huma… - John Atkinson Hobson
" "Industrial progress would undoubtedly be slower under state-control, because the very object of such control is to divert a larger proportion of human genius and effort from these occupations in order to apply them in producing higher forms of wealth. It is not, however, right to assume that progress in the industrial arts would cease under state-industry; such progress would be slower, and would itself partake of a routine character—a slow, continuous adjustment of the mechanism of production and distribution to the slowly-changing needs of the community.
English
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About John Atkinson Hobson
John Atkinson Hobson (6 July 1858 – 1 April 1940), or J. A. Hobson, was an English economist, social scientist, lecturer, writer and critic of imperialism.
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J. A. Hobson
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John A. Hobson
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Additional quotes by John Atkinson Hobson
The generally accepted image of international trade is one in which a number of trading communities... are engaged in striving each to win for itself, and at the expense of the others, the largest possible share of a strictly limited objective—the world market. ... So far as world or international trade is rightly presented as a competitive process, that competition takes place not between America, Britain, Germany, but between a number of separate American, British, German, firms. The immediate interests of these firms is not directed along political lines.
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