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)
There is, however, a complaint against capitalism which, although it
has been very largely remedied in recent years, yet in normal times,
immediately prior to the war, certainly existed—that was the insufficient
distribution amongst the workers of the product of the industry;
capital in many cases received an undue share of the reward. This was a
short-sighted policy; for good wages to the workers, provided the workers
give good output, results in the workers possessing good purchasing
power; and as so many workers are also consumers, this results in a good
demand for commodities and so is to the benefit of manufacturers, and the
community. But if some employers appropriated by way of profit an unduly
large share of the product of industry, the workers did exactly the same
if opportunity presented itself. One has illustrations of this in the way
in which, by agreement between the building employers and the building
Trade Unions, costs were forced up by wage-agreements which largely
contributed to the shortage of housing and placed the unskilled builder’s
labourer in a wage-position substantially higher than that of the skilled
engineer tradesman, who normally stands on a higher wage-level.
The Failure of Past Socialistic Experiments
When we are discussing on a priori hypotheses the practical operation of
the elemental motives of average men and women, it is wise to learn what
experience has to teach us. There have been at least seventy attempts to
carry secular Socialism into effect, of which five only survived their
fourth year of life. There was the new Harmony Community of Equality,
financed and founded in America in 1825 by Robert Owen. One of its
articles of constitution provided that “every member shall render his or
her services for the good of the whole.” It was a disastrous failure.
Owen had supplied lands, houses and the use of capital, giving to some
persons leases of large tracts of land for 2,000 years at a nominal rent
and for moral considerations only. Addressing the settlers in 1827,
he said: “I find that the habits of the individualistic system are so
powerful that these leases have been, with few exceptions, applied for
individual purposes and individual gain.” There was also the Brook Farm
Phalanx, established in 1842, with which Emerson was associated; the
Wisconsin Phalanx, established in 1844, and the North American Phalanx, a
few years later.
Public-domain text, read in full here on John Shaqi.
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