Eddy, Arthur Jerome: The new competition: an examination of the conditions underlying the radical change that is taking place in the commercial and industrial world ; the change from a competitive to a cooperative basis (New York [u.a.], 1912)

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THE NEW COMPETITION

struggle either on the field of battle or in the more bloodless
but none the less fierce rivalry for commercial and indus-
trial victories.
We are in the midst of one of those great movements,
one of those world-wide conflicts. It is so fierce that again
and again are nations on the verge of declaring war for no
reason whatsoever except trade jealousy. Projects of ter-
ritorial expansion are justified by commercial reasons.
Controversies concerning this country or that, over China,
Persia, Turkey, are in substance, if not in form, trade con-
troversies.
The world has gone mad over trade and the problems
of trade. Financiers and diplomats exhaust their energies
trying to devise new schemes, new treaties, new tariffs
whereby one nation can sell the world more than it buys,
whereby the “balance of trade” can be turned hither and
thither at the will of man—this is the era of “dollar diplo-
macy.”
The conquests of Alexander, of Caesar, of Napoleon,
were as nothing compared with the struggle that is now on
for trade supremacy—a struggle that is made fiercer from
year to year by marvelous inventions and developments in
means of communication and transportation. Peoples,
heretofore safe in their isolation, are swept into the mael-
strom—the globe is a sizzling unit.

IV
Intense competition makes for quality, extense for quan-
tity.
At this moment the cry is not “how good,” but “how
much.” In the mad race for wealth, for gross production,
the beautiful is lost sight of, there is no love or longing for