The Evolution of Modern Capitalism: A Study of Machine ProductionHobson, J. A. (John Atkinson)
History
The Evolution of Modern Capitalism: A Study of Machine Production
Hobson, J. A. (John Atkinson)
Capitalism; Industries -- History; Machinery in the workplace
So again, in the cotton industry of Lancashire, the hold which the
merchants had got over the weavers by supplying them with warp and
weft led in some cases, before the middle of the century, to the
establishment of small factories containing a score or two of looms,
in which hired men were employed to weave. A little later, though long
before steam power, Arthur Young finds a factory at Darlington with
over fifty looms, a factory at Boynton with 150 workers, and a silk
mill at Sheffield with 152 workers. Even where the final step of
substituting the factory for the home had not been taken the
subordination of the handicraftsman to the master who provided the
materials and paid the wages was tolerably complete. By the middle of
the century the free artisan was gradually passing into the condition
of a hired "hand." Improved means of communication were beginning to
expand the area of the market, enlarged businesses enabled labour to
be profitably divided, and required a more effective control over the
workers than could be obtained over a scattered population of
agricultural manufacturers.
§ 13. Regarding the Business as a combination of Labour and Capital,
we perceive that one strongly distinctive characteristic of the
pre-machinery age is the small proportion which capital bears to
labour in the industrial unit. It is this fact that enabled the
"domestic" worker to hold his own so long in so many industries as the
owner of a separate business. So long as the mechanical arts are
slightly developed and tools are simple, the proportion of "fixed
capital" to the business is small and falls within the means of the
artisan who plies his craft in his home. So long as tools are simple,
the processes of manufacture are slow, therefore the quantity of raw
material and other "circulating capital" is small and can also be
owned by the worker. The growing divorcement in the ownership of
capital and labour in the industrial unit will be found to be a direct
and most important result of those improvements in mechanical arts
which, by continually increasing the proportion of capital to labour
in a business, placed capital more and more beyond the possession of
those who supplied the labour power required to co-operate in
production.
Public-domain text, read in full here on John Shaqi.
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