FREE BOOKS

Author's List




PREV.   NEXT  
|<   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168  
169   170   171   172   173   174   175   >>  
ate individuals, and claiming them as social functions and social wealth to be administered for the social welfare. This is the past and present contribution of "socialistic legislation" towards a solution of the problem of poverty, and it seems not unlikely that the claims of society upon these forms of social property will be larger and more systematically enforced in the future. Chapter XI. The Industrial Outlook of Low-Skilled Labour. Sec. 1. The Concentration of Capital.--It must be remembered that we have been concerned with what is only a portion of the great industrial movement of to-day. Perhaps it may serve to make the industrial position of the poor low-skilled workers more distinct if we attempt to set this portion in its true relation to the larger Labour Problem, by giving a brief outline of the size and relation of the main industrial forces of the day. If we look at the two great industrial factors, Capital and Labour, we see a corresponding change taking place in each. This change signifies a constant endeavour to escape the rigour of competition by a co-operation which grows ever closer towards fusion of interests previously separate. Look first at Capital. We saw how the application of machinery and mechanical power to productive industries replaced the independent citizen, or small capitalist, who worked with a handful of assistants, by the mill and factory owner with his numerous "hands." The economic use of machinery led to production on a larger scale. But new, complex, and expensive machinery is continually being invented, which, for those who can afford to purchase and use it, represents a fresh economy in production, and enables them both to produce larger quantities of goods more rapidly, and to get rid of them by underselling those of their trade competitors who are working with old-fashioned and less effective machinery. As this process is continually going on, it signifies a constant advantage which the owner of a large business capital has over the owner of a smaller capital. In earlier times, when trade was more localized, and the small manufacturer or merchant had his steady customers, and stood on a slowly and carefully acquired reputation, it was not so easy for a new competitor to take his trade by the offer of some small additional advantage. But the opening up of wider communication by cheap postage, the newspaper, the railway, the telegraph, the general and rap
PREV.   NEXT  
|<   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168  
169   170   171   172   173   174   175   >>  



Top keywords:

machinery

 

industrial

 

larger

 

social

 

Labour

 

Capital

 

constant

 
signifies
 

advantage

 

capital


continually
 
portion
 

change

 

production

 
relation
 

general

 
quantities
 
afford
 

purchase

 

economy


enables

 

represents

 
produce
 

independent

 

numerous

 

economic

 
factory
 

worked

 

handful

 
assistants

citizen

 

expensive

 

replaced

 

complex

 

capitalist

 
rapidly
 
invented
 

fashioned

 

customers

 

slowly


carefully

 

acquired

 

steady

 

newspaper

 

manufacturer

 

railway

 
merchant
 

reputation

 

additional

 
opening