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Industrial Progress and Human Economics

Chapter 9: PROTECT THE INDUSTRIAL SPIRIT.
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About This Book

A practical outline for advancing industry by prioritizing human welfare, presenting policies and methods for creating and managing productive enterprises. It argues for higher value per unit of labor through improved tools, specialization, efficient organization, and cooperative management, offering guidance for investors, managers, and workers to assess prospects and reduce investment risk. Emphasizing unified public purpose after wartime disruption, it promotes steady policy, team work, and personal development as keys to state and individual economic progress, and is framed as both a textbook and a reference for those involved in industrial development.

PROTECT THE INDUSTRIAL SPIRIT.

Industries and the workers should be protected from incompetent managers, investigators and impractical theorists.

Industries and the workers go forward by actual work, not on manipulation of stocks, bonds, laws and schemes to wreck or boost for temporary gain of some one interest.

In general it is safe to have faith in the honesty of the workers and those who cooperate with them—at least we can start with the assumption that honesty and square dealing are not monopolized by other professions.

If we will remember that an industry has a vitality the same as a man, that its life can be destroyed by an ignorant investigator with a probe poking into every nerve and muscle, we will make Vermont a more natural place for industrial development and progress.

The attitude of the workers and the general public should be cordial instead of antagonistic for every desirable industry is an asset of great value.

In theory and law an industry belongs to the stockholders, at least it is for the stockholders to elect the board of directors who through practical officers manage the business; but, as a matter of actual fact, to the man who has the best job in the world for himself right in that organization, the life of the organization is of greater importance than it is to any one of the stockholders. In the same sense the existence of the industry is of greater value to many others in the organization and in the community than it is to the stockholders.

Hence, anything that interferes with the success of the organization injures many people.