A hundred years ago an industry consisted of a half a dozen or a dozen
men, working under the personal supervision of an owner, and using crude
hand tools. Today it consists of a gigantic trust, owning and managing
scores and perhaps hundreds of mills and factories, each employing
thousands of workers. A corporation like the Steel Trust owns enough of
the sources of its raw material to give it practical monopoly; it owns a
fleet of vessels especially designed for ore-carrying; it owns its
private railroads, to deliver the ore to the mills. Through its system
of dummy directorates it has practical control of the main railroads
over which it distributes its products; also of banks and trust
companies and insurance companies, to gather the money of the public to
finance its undertakings. It owns huge office buildings, and vast
tracts of land upon which the homes of its workers are built. It has a
private army for the defense of its property--a complete army of
cavalry, infantry and artillery, including a large and highly efficient
secret service department, with a host of informers and spies. It has
newspapers for the purpose of propaganda, and it controls the government
of every village, town and city in which it has important interests. If
you will take the trouble to visit a "steel town," and make inquiries
among public officials, newspaper men, and others who are "on the
inside," you will discover that those in authority consider it necessary
and proper that "steel" should control, and are unable to conceive any
other condition of affairs. If you go to other parts of the country,
where other great industries are located, you find it taken for granted
that "copper" should control, or "lumber," or "coal," or "oil," or
whatever it may be.
Under the system of large scale capitalism, labor is a commodity, bought
and sold in the market like any other commodity. Some years ago Congress
was requested to pass a law contradicting this fundamental fact of world
capitalism. Congress passed a law, very carefully worded so that no one
could be sure what it meant, and a few years later the Supreme Court
nullified the law. But all through this political and legal controversy
the status of labor remained exactly the same; there was a "labor
market," consisting of those members of the community who, in the
formula of Marx, had nothing but their labor power to sell. These
competed for recognition at the factory gates, and highly skilled
foremen selected those who offered the largest quantity of labor power
for the stated wage.
Public-domain text, read in full here on John Shaqi.
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