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Chapter 3: The Individualistic Era: From Competition to Co-operation

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FieldValue
SourceAmerica and the New Epoch
Year1916
Section IDamerica-and-new-epoch-chapter-04
Locationlines 874-1745
Statuscandidate
Word Count4451
Equation Candidates In Section9
Figure Candidates In Section0
Quote Candidates In Section0
FROM COMPETITION TO CO-OPERATION finally a time came when the means of produc- tion of commodities increased beyond the demand possible under existing conditions. England was the first nation to benefit from the competitive organization of society. While all Europe was plunged into the Napoleonic wars, England, protected by the ocean, organ- ized its trade and industries. Therefore Eng- land was the first nation in which the means of production developed beyond the possible demand. Temporarily the problem was solved by supplying the markets of the world, and thereby taking care of the rapidly increasing excess of its producing facilities over its own demand. Thus England became a great ex- porting nation, and by the profits of its foreign trade laid the foundation of its later financial power. But gradually the other nations caught up.
... to the 23 AMERICA AND THE NEW EPOCH soil as fertilizer whatever we take out as crops, then under the present industrial organization of our country we will not be able to maintain our present standard of living. All these features together have created an abnormal increase of consuming capacity of our nation, and so it was only in the last decades that the means of possible production have be- gun to increase beyond the possible demand for consumption and the industrial prob ...
... tilizer whatever we take out as crops, then under the present industrial organization of our country we will not be able to maintain our present standard of living. All these features together have created an abnormal increase of consuming capacity of our nation, and so it was only in the last decades that the means of possible production have be- gun to increase beyond the possible demand for consumption and the industrial problem has become urgent. This problem had not been expec ...
... cannot re- store competition. It is dead, just as dead as the feudalism of the Middle Ages. Co-operation is taking its place. This, here in America, many of our leaders 32 FROM COMPETITION TO CO-OPERATION of thought in the theoretical field, in our uni- versities, in our political offices, have not real- ized, neither do the mass of the people realize it yet, and consequently they mistake the effect for the cause. They imagine industrial consoli- dation is killing competition, a ...
... tted, as temporarily, for some years, an industrial organization can continue without dividends. Surplus represents the amount of income set aside for times when the income falls below the cost of production — that is, is an insurance against temporary losses.) 28 FROM COMPETITION TO CO-OPERATION The distribution of proportionate cost and of fixed cost per $100 capital invested in the plant thus would be: At an annual income of $50 : Proportionate Fixed Cost Cost Labor $ 8 $1 Fue ...
Concept CandidateHits In SectionStatus
Competition46seeded-source-specific
Corporation34seeded-source-specific
Co-operation19seeded-source-specific
Term CandidateHits In SectionStatus
co-operation19seeded-source-specific
Candidate IDOCR / PDF-Text CandidateSource Location
america-and-new-epoch-eq-candidate-0001tions up to over 90 per cent, of the total costline 1083
america-and-new-epoch-eq-candidate-0002fixed cost per $100 capital invested in theline 1164
america-and-new-epoch-eq-candidate-0003$26 proportionate cost, per $100 invested,line 1192
america-and-new-epoch-eq-candidate-0004would be saved, but the $14 fixed cost, per $100line 1193
america-and-new-epoch-eq-candidate-0005At $40 total cost of production, this wouldline 1207
america-and-new-epoch-eq-candidate-0006give an annual loss of $40 — $33 = $7, or 7 perline 1214
america-and-new-epoch-eq-candidate-0007out the capital of the company in -7- = 14line 1216
america-and-new-epoch-eq-candidate-0008cost, to $33, as the loss thereby incurred, ofline 1222
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