power, save by taking to themselves governmental powers because, under a worn-out doctrine of so-called industrial freedom, the government did not utilize all its functions? Is it better to allow such irresponsible parties to have the power of fixing rates and prices rather than the state? Is it better to permit them to make the laws rather than the state? Can they fix market and credit conditions, say who shall be permitted to do business, and in what manner, better than the state? The power to tax is the power to destroy. Shall we allow them to lay whatever tax they see fit upon industry and to shift their own burdens where they will? Shall we allow them, when they are fined for wrong-doing, to shift the fine to the persons who imposed it by the simple process of raising the rates or prices?
The reader will find no dogmatic conclusions set forth in these pages. He will be disappointed if he expects certain vivid pictures of perfect legislation or administration or clear-cut philosophy. He will find, on the contrary, a seemly comprehension of the difficulties of the problem as above outlined and a groping after and testing of one device after another to serve in combating the tendencies considered. He will find that patient research and care have been the watchwords used everywhere. It will be explained how one piece of machinery made another necessary, how educational, industrial and welfare legislation were deemed the wise and necessary
