Their presence in some measure is required in order to have a tolerable adjustment to the circumstances of the modern industrial situation.

The complex, comprehensive, essentially peaceable, and highly organized mechanism of the modern industrial community works to the best advantage when these traits, or most of them, are present in the highest practicable degree.

These traits are present in a markedly less degree in the man of the predatory type than is useful for the purposes of the modern collective life.
On the other hand, the immediate interest of the individual under the competitive regime is best served by shrewd trading and unscrupulous management.

The characteristics named above as serving the interests of the community are disserviceable to the individual, rather than otherwise.

The presence of these aptitudes in his make-up diverts his energies to other ends than those of pecuniary gain; and also in his pursuit of gain they lead him to seek gain by the indirect and ineffectual channels of industry, rather than by a free and unfaltering career of sharp practice.