Labour policy—false and true : $b A study in economic history and industrial economicsMacassey, Lynden Livingston
History
Labour policy—false and true : $b A study in economic history and industrial economics
Macassey, Lynden Livingston
Industrial policy -- Great Britain; Labor economics -- Great Britain; Labour Party (Great Britain)
Industrial disputes in the long run must be decided by the force of
public opinion. In the past there has been far too great an inclination
on the part of the public to dissociate themselves from industrial
controversy as though it concerned them not. Apart from the direct
economic effect of any great strike upon the consuming public, the
community is under a definite moral obligation to try and reach a
right conclusion on the issue and to use the weight of its opinion to
secure a fair and equitable settlement. In the course of any strike of
importance immediate tribute is paid by both sides to the power of the
public. This is evidenced by the various statements of their respective
cases which emanate from each side. Labour is specially sensitive to the
control of public opinion, and is the first to realize the hopelessness
of protracting any strike against which public opinion is hardening.
Therefore, both in regard to ascertainment of facts and an intelligent
determination of the merits of each industrial controversy, the public is
laid under great obligations. It is one of labour’s chief complaints that
the average shareholder makes no effort whatever at general meetings of
his company to ascertain the facts in regard to strikes or lock-outs, or
to regulate his investments with some regard to his company’s treatment
of its workers. This complaint is justified.
The Responsibility of the Consumer
Every consumer has definite responsibilities. In the middle of last
century he was almost omnipotent, and industry’s chief object was to
meet, indeed to anticipate, his desires. His power to-day is not
so unrestricted by reason of the competition between consumers in
different nations for limited world supplies, and because of the better
organization of employers and employed. But still the consumer has
immense power, and in the interests of industry, society, and, indeed,
of the nation, he ought to realize his duties. The day has long gone
past when it was thought that all expenditure by a consumer, whether in
necessaries or luxuries, conduced alike to the benefit of trade and the
increase of the national wealth. It is now recognized that at all times
the supply of labour and raw material and capital—“the wealth heap,”
as Mr. Hartley Withers graphically describes it in his _Poverty and
Waste_—is limited. If, therefore, any consumer demands that more luxuries
be produced than necessaries, there must be fewer necessaries for those
who want them, and those at higher prices because we are expending on
luxuries capital and labour and raw materials otherwise available for the
production of necessaries. Even if at any time the supply of necessaries
exceeds the demand, that does not justify the production of luxuries.
If luxuries are demanded, capital and labour and raw materials must be
more or less permanently hypothecated for their production. If, on the
other hand, luxuries are dispensed with, then capital and labour will
Public-domain text, read in full here on John Shaqi.
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