Page 10 Advertisements Column 3

Dominion, Volume 13, Issue 62, 6 December 1919, Page 10

PUBLIC NOTICES. :. TO-DAY'S ECONOMICS. (BY THE N.Z. WELFARE LEAGUE.) CAPITALISM AND SOCIALISM. What is Capitalism? It is. Ihe modern method of organising production, under which industrv is managed by an employer, who lias control of wealth, which lie uses to provide tools, plant, and raw materials, and hire labour, with the object of producing commodities for sale at a profit. What is Capitalism based on? Private property, free enterprise, and competition. Is it an ideally perfect system?! By no mean s . It contains ".rave defects, and its past record is not good; but it is the best system, that the imperfection «f man has yet been a hie" to devise; it can do the world's work better than any other system that has yet been suggested, and it has therefore survived as the fittest What is the chief defect of Capitalism-? Competition can work in two ways—competition in oppression and competition in efficiency and ferviee. and the problem of industrial society is to eliminate tho former. Can this be done? '"' ■■ . t . It is gradually being effected by: (a) Laws setting'minimum Labour standards, allowing freedom of-initiative above that level; and (b) public opinion, the-growing sp : rit of altruism, and the desire for social welfare. Law and opinion interact and reinforce each other. What are the chief merits of Capitalism?. It. allows full .scope for free initiative and adds greatly to Hie wealth and consequently to the material welfare of the world. Man cannot live by bread alone, but he cannot live without'bread, and the more bread he gets the better. What has been the effect of Capitalism on Labour? Under it the workers have attained n higher measure of political and economic freedom, and a higher standard of life, than they ever enjoyed prior- to Capitalism, or thnn the masses enjoy in non-capital-istic countries at the- present time. Would Socialism do tho work of the world any better? No. It would lessen: production by destroying the link between service and reward, between effort and enjoyment, and would tcmovp the 'stimulus of self-interest, which the universal experience of .mankind has shown to be the only effective motive in getting the world's work done. Would Socialism abolish competition?' , No. Competition is a fundamental law to which all living creatures are subject. Socialism, however, would alter th_» diction of competition, by substituting competitive corruption, wire-pulling, laziness, and inefficiency for competitive effort and service. . What is Ihe pathway to welfare? . .Reform within, the existing. system. Is it hard to detect the genius concealed .behind the economic * views of the present leaders of extreme Labour? Very. •' '•'.' : "Why?' Because there's no genius concealed there. '"■ .... - - 6 THE . PROTESTANT POLITICAL . ASSOCIATION '' OP-'' -N.Z. .; (INCORPORATED). 'TOR GOD AND COUNTRY." "EQUAL RIGHTS FOR ALL, SPECIAL PRIVILEGES TO NONE."QN SATURDAY NEXT will be published in "THE DOMINION" the names of the CANDIDATES RECOMMENDED TO ALL PROTESTANTS for their confidence and support at tho Elections, by tho . Dominion Council Executivo in tho following electorates:— Napier, Hawke's Bay, Waipawa. Pahiatua, Tarnnnkrf Egmont, Stratford, Patea, Palmerston, Manawatu, Oroua, Uangitikei, Wanganui, Masterton, Waimarino, Wnirarapa, Wellington East/Wellington Centra!, Wellington North. Wellington South, Weliington Suburbs, Hutt, Nelson, Motueka. Wairau. Members-of the Association' will havo learnt through the local organisation of tho recommendations in each electorate, but it is desirable that the recommendations bo made known for the guidance of Protestants generally. The Protestant vote for the first time in the history of New Zealand is organised to express Protestant ppinion. With a solid voto (treat results may bo expected. We have an opportunity to exert an uplifting and beneficial influence on politics and Parliament. We can make char that this country is to be governed by loyal, capable, just, and impartial men. We can remove the menace of political Romanism. We publish for your information the following extract from the Roman newspaper "The Tablet" in order that yon may know the spirit and unity with which Rome works, and how her organisation is direced to hev servitors. Extract from tho "New Zealand Tablet" (The organ of the Roman Church). November 15, 1917. A WORD TO ELECTORS. "Some time or other there will be a general election. It will "not happen as long as the present: Parliament; can cling to their "iobs. but.it will come later. We wish to ask. our Catholic voters "'not to forget to' remember how some of their representatives voted "recently. You. Catholics in Taianaki, are numerically strong, and "it would be no harm if you used vour strength against the.men "who voted for Howard Elliott—for that is really what it comes "to—when Mr'. Massey, like a loyal Orangeman, led the bigots "fll'ainst tho Brothers. The Catholics of Timaru also havo need "to' examine their consciences. What return has Ihe illustrious "Mr. Crnigio made for your support ?. - How has he kept his "pledges? But of course we should be foolish to think that pledges " 'or scraps of pape--' matter to nmnv men in that gallery. While "remembering these things in our hearts, let us not forget the "men who stood for principle ana defied the wild wowser and his"lhreaU. Messrs, Isilt, Walker, and Wittv shall not be forgotten if Catholics Lave any memory for political honesty and upright "conduct. Finally, if at a time when it seemed that we had not a"' "man to save us from the lyrannv of Sir James Allen, K.C.8., we "reminded Sir Joseph Waid that people were expecting more "from him, we now welcome tho opimrtiinjlv to express our ad"miration for the stand he. has made for justice and principle "against bigotry and Orangism. As lone as. he maintains such a ''firm altitude he will havo tho support of every man in New 7,ea"lan<i whose suywrt is worth having, even though ho should lose "the favour of people whose opposition is n testimonial to him." H. SYDNEY DILBY, 'DOMINION SECRETARY.