“We now stand face to face with the main objection so often raised against all endeavours to remedy industrial and social diseases by the expansion of public control. …The strife, danger, and waste of industrial competition are necessary conditions to industrial vitality.”

—  J.A. Hobson

The Evolution of Modern Capitalism: A Study of Machine Production (1906), Ch. XVII Civilisation and Industrial Development
Context: We now stand face to face with the main objection so often raised against all endeavours to remedy industrial and social diseases by the expansion of public control.... The strife, danger, and waste of industrial competition are necessary conditions to industrial vitality.<!--section 11, p. 417

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J.A. Hobson 26
English economist, social scientist and critic of imperiali… 1858–1940

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