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By Thorstein Veblen

Absentee possession is an inquiry into fiscal conditions as they've got taken form within the 20th century, fairly as exemplified when it comes to the USA. based on Thorstein Veblen, absentee possession is the most and speedy controlling curiosity within the lifetime of civilied males.

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That habit of bellicose loyalty to a personal superior, which was the most meri­ torious virtue of chivalry, blended with the popular de­ votion to the common defence, and so gave rise to that spirit of militant nationalism that pervades Christendom today. In time, under the fostering care of the states­ men who guard the vested interests, this national spirit has headed up in the profligate imperialism of more recent date; which makes a virtue of getting something for noth­ ing by force and fraud at the cost of any whom it may concern.

A But the more fully the commonwealth has come to realise its status as a Nation, the more does its external politics (war and diplomacy) take precedence of its domestic concerns. The exigencies of external politics are paramount, and the conduct of internal affairs therefore are, in effect, re­ quired to conform to the needs of the nation's external policies. And the administration of external politics, be­ ing in the nature of an enterprise in chicane and coercion, is necessarily furtive, runs forever on sharp practice, care­ fully withholds "information that might be useful to the enemy," and habitually gives out information with intent to deceive.

All this is wholly foreign to the system of Natural Rights, altogether at cross purposes with the handicraft principle of workmanship, but quite securely incorporated in the established order of law and custom. to It is, in effect, a remnant of feudalism; that is say, absentee ownership without apology or after­ thought. Not that all ownership of natural resources is absentee ownership. Nor is it to be said that such ownership may not be grounded in the owner's workmanship. The small farmer, e.

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Absentee Ownership and Business Enterprise in Recent Times: The Case of America by Thorstein Veblen


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