Essay On Knowledge Is Better Than Wealth

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Nor is there any middle ground which such men can occupy, because the great manufacturing or commercial concern which does not earn at least interest upon its capital soon becomes bankrupt.

It must either go forward or fall behind: to stand still is impossible.

When visiting the Sioux, I was led to the wigwam of the chief.

It was just like the others in external appearance, and even within the difference was trifling between it and those of the poorest of his braves.

But, whether the law be benign or not, we must say of it, as we say of the change in the conditions of men to which we have referred: It is here; we cannot evade it; no substitutes for it have been found; and while the law may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department.

We accept and welcome therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of a few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race.

Each caste is without sympathy for the other, and ready to credit anything disparaging in regard to it.

Under the law of competition, the employer of thousands is forced into the strictest economies, among which the rates paid to labor figure prominently, and often there is friction between the employer and the employed, between capital and labor, between rich and poor. The price which society pays for the law of competition, like the price it pays for cheap comforts and luxuries, is also great; but the advantage of this law are also greater still, for it is to this law that we owe our wonderful material development, which brings improved conditions in its train.

In the commercial world similar causes have produced similar results, and the race is benefited thereby.

The poor enjoy what the rich could not before afford.