Socialism: A Summary and Interpretation of Socialist PrinciplesSpargo, John
History
Socialism: A Summary and Interpretation of Socialist Principles
Spargo, John
Socialism
Most of the criticism of the Marxian theory of concentration is based
upon a very unsatisfactory definition of what is meant by concentration.
The decrease of small units and their absorption or supercession by
larger units is generally understood when concentration is spoken of.
But concentration may take other, very different forms. There may be a
concentration of _control_, for example, without concentration of actual
ownership, or there may be concentration of actual ownership disguised
by mortgages, as already suggested. The sweated trades are a familiar
example of the former method of concentration. It has been shown over
and over again that while small establishments remain a necessary
condition of sweated industry, there is almost always effective
concentration of control. To all appearances an independent manufacturer
on a small scale, the sweater is generally nothing more than the agent
of some big establishment, which finds it more economical to let the
work be done in sweatshops than in its own factories. The same thing
holds good of the retail trades, many of the apparently independent
retail stores being simply agencies for big wholesale houses, controlled
by them in every way. In an even larger measure, agriculture is subject
to a control that is quite independent of actual or even nominal
ownership of the farm. Manifestly, therefore, we need a more accurate
and comprehensive definition of concentration than the one generally
accepted. Mr. A. M. Simons, in an admirable study of the agricultural
question from the Socialist viewpoint, defines concentration as "a
movement tending to give a continually diminishing minority of the
persons engaged in any industry, a constantly increasing control over
the essentials, and a continually increasing share of the total value of
the returns of the industry."[105] It is no part of the purpose of this
chapter to discuss this definition at length. It is sufficient to have
thus emphasized that concentration may be quite as effective when it is
limited to control as when it embraces ownership.
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