Brain, Brawn, Capital
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 20 Mar 1919, p. 181-190
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Brain, Brawn, Capital


The Great War just ended as the closing of an era, of an age remarkable for its wonderful discoveries and inventions, for its colossal accumulation of wealth, due largely to the exploitation of the natural resources of the earth, on a scale hitherto unknown. Such fruits of human genius and labour used for the destruction and the impoverishment of the race, in a war which has sacrificed millions of lives and billions of treasury. The results obtained; what we have witnessed in terms of the dismemberment of Empires built on mediaeval and reactionary conceptions. The mean of the two words, "New World." The problem of social welfare of the men and women who compose the real asset and wealth of any country as the most important problem facing us today. The value of brawn as a wealth producer revealed through the war, and as a consequence, labour becoming more conscious of its importance as a factor in the success of industrial and commercial enterprises. The conflict between Labor and Capital not the fruit of the war, but as old as the world. How the war has emphasized the fact that without Labor, Capital is powerless, and that without Capital, Labor lacks the necessary force without which no industry can subsist. How industry and commerce can be adjusted to meet the demands of labor, and at the same time safeguard the interests of capital the job of economists and industrial and commercial experts. The duty of a true democratic government to engage the services of such experts from both the ranks of Labor and Capital, and give them the task of finding a "Modus vivendi" whereby the interests of both Capital and Labor will be safeguarded and then frame laws accordingly, applying them regardless of persons. A discussion follows with regard to the relative positions of Labor and Capital on this issue, and suggestions for removing discontent and unrest. The speaker's belief that this conflict is a moral issue and must be settle don the basis of Justice. The old system of conducting a business with so many hands under a boss obsolete. The need for co-partnership and co-operation. The need for the three great factors of production: Brain, Brawn and Capital, to form an "Entente," and resolve to treat each other on the basis of justice and fair play, if industrial harmony is going to exist. Encouraging the inventor and the scientist, and adequately rewarding them, as during the time of war, to furnish their quota of mental energy for the common weal. Industry as a social function, and its reform must promise not only a higher status to privileged groups, but must carry with it the interests of the community at large. The principal of industry as a form of public service. Three implications involved when judging industry from this standpoint, with discussion of each. The need for a settlement of these serious problems on a just basis, soon, if we are to avoid conflict. The threat of Bolshevism and anarchy; conditions under which they may thrive.