Concurrently with this rural and urban organisation of non-centralised
industries will proceed the taking over of the great centralised
industries, centralised for us by capitalists, who thus unconsciously
pave the way for their own supersession. Everything which has been
organised into a Trust, and has been worked for a time in the Trust
fashion, is ripe for appropriation by the community. All minerals
would be most properly worked in this centralised way; and it will
probably be found most convenient to work all the big productive
industries--such as the textile--in similar fashion. It is idle to
say that it cannot be done by the State when it is being done by a
ring of capitalists: a Local Board, an Iron Board, a Tin Board, can
be as easily held responsible to the nation as to a casual crowd of
shareholders. There need be no dislocation of production in making the
transference: the active organisers and directors of a Trust do not
necessarily, or even usually, own the capital invested in it. If the
State finds it convenient to hire these organisers and directors, there
is nothing to prevent its doing so for as long or as short a period
as it chooses. The temporary arrangements made with them during the
transition period must be governed by expediency.
Let us pause for a moment to estimate the position so far. The
unemployed have been transformed into communal workers--in the country
on great farms, improvements of the Bonanza farms in America--in the
towns in various trades. Public stores for agricultural and industrial
products are open in all convenient places, and filled with the goods
thus communally produced. The great industries, worked as Trusts,
are controlled by the State instead of by capitalist rings. The
private capitalist, however, will still be in business, producing
and distributing on his own account in competition with the communal
organisations, which at present will have occupied only part of the
industrial field. But apart from a pressure which will be recognised
when we come to deal with the remuneration of labor, these private
enterprises will be carried on under circumstances of ever-increasing
difficulty. In face of the orderly communal arrays, playing into
each other’s hands, with the credit of the country behind them, the
ventures of the private capitalist will be at as great a disadvantage
as the cottage industries of the last century in face of the factory
industries of our own period. The Trusts have taught us how to drive
competing capitals out of the market by associated capitals. The
Central Boards or County Councils will be able to utilise this power
of association further than any private capitalists. Thus the economic
forces which replaced the workshop by the factory, will replace the
private shop by the municipal store and the private factory by the
municipal one. And the advantages of greater concentration of capital
and of the association of labor will not be the only ones enjoyed by
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