Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
(2) A second general cause of the Labor-troubles of the past and
present has been a strong tendency to neglect the special
_preparation_ for their peculiar functions by both capitalists and
laborers. A successful employer of laborers year in and year out to
their advantage and his own is always one who has been _trained_ to
that function by special preparations. He is a living man with all the
limitations of living men: he has to deal with many living men with
all their imperfections: he has to deal also, and constantly, with
what is in its own nature dead, namely, Capital, always either a
commodity or a claim: to animate and invigorate these dead forms of
value, to put them into vital connection with living men who shall
enhance their value, and thus to become a leader to living men as
towards swelling interests, demands unusual native gifts and a special
long-continued training. When one looks from without upon such an
establishment as this in full action, it seems automatic, it seems as
if almost anybody with a clear head could continue to direct it; and
when this "captain of industry" departs this life, perhaps his son or
some previous subordinate, without the proper gifts and at least
without the peculiar training, assumes the post of direction. For a
little everything seems to go on as before. As sure as fate, however,
a friction will soon develop here, and a misunderstanding there,
there will be whisperings among the men, some breath of suspicion will
be likely to cloud the borrowing-power, opening difficulties of any
kind such as loss of credit or a weakening of the usual markets are
apt to throw a new operator more or less off his base, and gathering
labor-troubles of any sort commonly find such a man unprepared for
lack of suitable training and experience to ward them off or to make
timely concessions to the men or to minimize the evil results when
these become inevitable.
Public-domain text, read in full here on John Shaqi.
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