The Iron Man

The Iron Man

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...possible concession to the principle of autonomous control before finally establishing its mastery, or clearing the way definitely for the Capital-Labor dog-fight sure to follow the intensification of class loyalties. To make the corporation, in which many already cooperate in the production and distribution of goods and earnings, a medium for the cooperative production and distribution of spiritual values as well, seems at all points the American way to harness the Iron Man to the common good, as automatization in industrial plants proceeds toward its predestined goal. VI THE CHANGING CORPORATION pHE Iron Man is owned by the corporation. One A is as much an invention as the other; each represents an evolution, in which adaptations have been piled upon simple legal and mechanical principles. The automatic machine is as much a mechanical person as the corporation is a legal person. The two have long kept step with one another. Without the corporation to finance its development and distribute its produce, automatic machinery would still be in embryo--museum models instead of effective complexes grinding out goods, creating wealth and comforts, intensifying social and political problems. And without the Iron Man to make the ordinary run of humans useful in the production of intricate goods, corporations could not have reached their present proportions and influence. Automatic machinery is one of the forces establishing the truth of Lloyd's dictum, that "the natural person, as an enterpriser of consequence in industry, has ceased to exist." Together, the corporation and the automatic machine form a team capable of prodigious feats of strength; but in their straightaway pull for profits, they plough a pitiless furrow through more

Product details

  • Paperback
  • 189 x 246 x 3mm | 127g
  • United States
  • English
  • black & white illustrations
  • 1236887433
  • 9781236887436