Before business principles came to dominate everyday life, the common welfare, w

Question

Before business principles came to dominate everyday life, the common welfare, when it was not a question of peace and war, turned on the ease and certainty with which enough of the means of life could be supplied. Since business has become the central and controlling interest, the question of welfare has become a question of price. Under the old regime of handicraft and petty trade, dearth (high prices meant privation and might mean famine and pestilence; under the new regime low prices commonly mean privation and may on occasion mean famine. Under the old regime the question was whether the community's work was adequate to supply the community's needs under the new regime that question is not seriously entertained taken from The Theory of Business Enterprise by Thorstein Veblen. Bonus Topic: Use this short reading to explain the underlined clause.

Explanation / Answer

The explanation of that cluase means

Once in the past,
thusly, times were great or terrible to the extent that the modern procedures yielded
an adequate or a deficient yield of the method forever. Recently
times are great or awful to the extent that the procedure of business yields a sufficient
then again lacking rate of benefits." He here propounds a hypothesis of emergencies and
makes these spring out of the operation of credit. As we would like to think this is the weakest bit of the whole book.

that the laborers don't and can't possess and direct the mechanical gear and procedures inasmuch as
private proprietorship wins, and industry must be overseen on business
standards. "The work supply, or the working populace, can in this manner not
be incorporated into the preferably entire coalition proposed above *** So that
at the point when the last stride in business coalition has been taken, there remains the
aggressive grinding between the joined business capital and the consolidated
laborers.

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