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Charles Beard

The Waste of Competition

 [From "The Industrial Revolution," by Charles Beard, preface to second edition.]

      While admitting that our present maladjustments are the outcome of the “social form of production and the individual form of appropriation and exchange,” I contend that this system wastes more wealth than it contributes to landlords, capitalists and moneylenders. The statistics are not at present forthcoming to prove this statement, but a few figures will illustrate my point.

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