the law [of competition] may be sometimes hard for the individual,
it is best for the race, because it insures the survival of
the fittest in every department. We accept and welcome, therefore,
as conditions to which we must accommodate ourselves, great
inequality of environment, the concentration of business, industrial
and commercial, in the hands of the few, and the law of competition
between these, as being not only beneficial, but essential for
the future progress of the race.