ABSTRACT
The new order of things has arisen out of the past by a change in degree carried so far as to result in an effectual change in kind. In the American case this change in the material conditions of life has gone so far as to amount to a break with the past. Big Business is paramount in the New Order. But all the while the conditioning circumstances which underlie this new order of business enterprise are circumstances of a material, tangible, mechanical, technical nature, and ways and means of doing tangible work, not merely new and improved ways and means of doing business. The absentee owners are removed out of all touch with the working personnel or with the industrial work in hand, except such remote, neutral and dispassionate contact by proxy as may be implied in the continued receipt of a free income.
