"Considering," said the teacher, "that these facts as to the resistance offered by vested interests to the march of improvement must have been even more obvious to our ancestors than to us, how do you account for the belief they seem to have sincerely held that private capitalism as a system was favorable to invention?"

"Doubtless," replied the girl, "it was because they saw that whenever an invention was introduced it was under the patronage of capitalists. This was, of course, necessarily so because all economic initiative was confined to the capitalists. Our forefathers, observing that inventions when introduced at all were introduced through the machinery of private capitalism, overlooked the fact that usually it was only after exhausting its power as an obstruction to invention that capital lent itself to its advancement. They were in this respect like children who, seeing the water pouring over the edge of a dam and coming over nowhere else, should conclude that the dam was an agency for aiding the flow of the river instead of being an obstruction which let it over only when it could be kept back no longer."

"Our lesson," said the teacher, "relates in strictness only to the economic results of the old order, but at times the theme suggests aspects of former social conditions too important to pass without mention. We have seen how obstructive was the system of vested interests which underlaid private capitalism to the introduction of improvements and inventions in the economic field. But there was another field in which the same influence was exerted with effects really far more important and disastrous.--Tell us, Florence, something of the manner in which the vested interest system tended to resist the advance of new ideas in the field of thought, of morals, science, and religion."

"Previous to the great Revolution," the girl replied, "the highest education not being universal as with us, but limited to a small body, the members of this body, known as the learned and professional classes, necessarily became the moral and intellectual teachers and leaders of the nation. They molded the thoughts of the people, set them their standards, and through the control of their minds dominated their material interests and determined the course of civilization. No such power is now monopolized by any class, because the high level of general education would make it impossible for any class of mere men to lead the people blindly. Seeing, however, that such a power was exercised in that day and limited to so small a class, it was a most vital point that this class should be qualified to discharge so responsible a duty in a spirit of devotion to the general weal unbiased by distracting motives. But under the system of private capitalism, which made every person and group economically dependent upon and exclusively concerned in the prosperity of the occupation followed by himself and his group, this ideal was impossible of attainment. The learned class, the teachers, the preachers, writers, and professional men were only tradesmen after all, just like the shoemakers and the carpenters, and their welfare was absolutely bound up with the demand for the particular sets of ideas and doctrines they represented and the particular sorts of professional services they got their living by rendering. Each man's line of teaching or preaching was his vested interest--the means of his livelihood. That being so, the members of the learned and professional class were bound to be affected by innovations in their departments precisely as shoemakers or carpenters by inventions affecting their trades. It necessarily followed that when any new idea was suggested in religion, in medicine, in science, in economics, in sociology, and indeed in almost any field of thought, the first question which the learned body having charge of that field and making a living out of it would ask itself was not whether the idea was good and true and would tend to the general welfare, but how it would immediately and directly affect the set of doctrines, traditions, and institutions, with the prestige of which their own personal interests were identified. If it was a new religious conception that had been suggested, the clergyman considered, first of all, how it would affect his sect and his personal standing in it. If it were a new medical idea, the doctor asked first how it would affect the practice of the school he was identified with. If it was a new economic or social theory, then all those whose professional capital was their reputation as teachers in that branch questioned first how the new idea agreed with the doctrines and traditions constituting their stock in trade. Now, as any new idea, almost as a matter of course, must operate to discredit previous ideas in the same field, it followed that the economic self-interest of the learned classes would instinctively and almost invariably be opposed to reform or advance of thought in their fields.

"Being human, they were scarcely more to be blamed for involuntarily regarding new ideas in their specialties with aversion than the weaver or the brickmaker for resisting the introduction of inventions calculated to take the bread out of his mouth. And yet consider what a tremendous, almost insurmountable, obstacle to human progress was presented by the fact that the intellectual leaders of the nations and the molders of the people's thoughts, by their economic dependence upon vested interests in established ideas, were biased against progress by the strongest motives of self-interest. When we give due thought to the significance of this fact, we shall find ourselves wondering no longer at the slow rate of human advance in the past, but rather that there should have been any advance at all."

[CHAPTER] XXVIII.

How The Profit System Nullified The Benefit Of Inventions.

"The general subject of the hostility of private capitalism to progress," pursued the teacher, "divides itself, as I said, into two branches. First, the constitutional antagonism between a system of distinct and separate vested interests and all unsettling changes which, whatever their ultimate effect, must be directly damaging to those interests. We will now ask you, Harold, to take up the second branch of the subject--namely, the effect of the profit principle to minimize, if not wholly to nullify, the benefit to the community of such inventions and improvements as were able to overcome the antagonism of vested interests so far as to get themselves introduced. The nineteenth century, including the last quarter of the eighteenth, was marked by an astonishing and absolutely unprecedented number of great inventions in economic processes. To what was this outburst of inventive genius due?"

"To the same cause," replied the boy, "which accounts for the rise of the democratic movement and the idea of human equality during the same period--that is to say, the diffusion of intelligence among the masses, which, for the first time becoming somewhat general, multiplied ten-thousandfold the thinking force of mankind, and, in the political aspect of the matter, changed the purpose of that thinking from the interest of the few to that of the many."

"Our ancestors," said the teacher, "seeing that this outburst of invention took place under private capitalism, assumed that there must be something in that system peculiarly favorable to the genius of invention. Have you anything to say on that point beyond what has been said?"