"Well, naturally, the capitalist would prefer to reduce the prices of his
goods in such a way, if possible, as not to reduce his profits, and that
would be his study. There were numerous devices which he employed to this
end. The first was that of reducing the quality and real worth of the
goods on which the price was nominally cut down. This was done by
adulteration and scamped work, and the practice extended in the
nineteenth century to every branch of industry and commerce and affected
pretty nearly all articles of human consumption. It came to that point,
as the histories tell us, that no one could ever depend on anything he
purchased being what it appeared or was represented. The whole atmosphere
of trade was mephitic with chicane. It became the policy of the
capitalists engaged in the most important lines of manufacture to turn
out goods expressly made with a view to wearing as short a time as
possible, so as to need the speedier renewal. They taught their very
machines to be dishonest, and corrupted steel and brass. Even the
purblind people of that day recognized the vanity of the pretended
reductions in price by the epithet 'cheap and nasty,' with which they
characterized cheapened goods. All this class of reductions, it is plain,
cost the consumer two dollars for every one it professed to save him. As
a single illustration of the utterly deceptive character of reductions in
price under the profit system, it may be recalled that toward the close
of the nineteenth century in America, after almost magical inventions for
reducing the cost of shoemaking, it was a common saying that although the
price of shoes was considerably lower than fifty years before, when they
were made by hand, yet that later-made shoes were so much poorer in
quality as to be really quite as expensive as the earlier."
"Were adulteration and scamped work the only devices by which sham
reductions of prices was effected?"
Public-domain text, read in full here on John Shaqi.
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