[The Promise Of American Life by Herbert David Croly]@TWC D-Link book
The Promise Of American Life

CHAPTER XII
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It would grant him these opportunities under conditions which would tend to bring about their responsible use.

And it would seek to make the results promote the general economic welfare.

The peculiar advantage of the organization of American industry which has gradually been wrought during the past fifty years is precisely the opportunity which it has offered to men of exceptional ability to perform really constructive economic work.

The public interest has nothing to gain from the mutilation or the destruction of these nationalized economic institutions.

It should seek, on the contrary, to preserve them, just in so far as they continue to remain efficient; but it should at the same time seek the better distribution of the fruits of this efficiency.


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