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
Spindles.
England and Wales 15,554,619
Scotland 1,727,871
Ireland 215,503
Austria and Italy 1,500,000
France 3,500,000
Belgium 420,000
Switzerland 650,000
Russia 7,585,000
United States 3,500,000
States of the Zollverein 815,000
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35,467,993
The development of the cotton industry in 1888 in the chief industrial
countries, as indicated by the consumption of raw cotton, is expressed
in the accompanying diagram.
Lastly, the national trade policy of England was of signal advantage
in her machine development. Her early protective system had, by the
enlargement of her carrying trade and the increase of her colonial
possessions, laid the foundation of a large complex trade with the
more distant parts of the world, though for a time it crippled our
European commerce. While we doubtless sacrificed other interests by
this course of policy, it must be generally admitted that "English
industries would not have advanced so rapidly without Protection."[94]
But as we built up our manufacturing industries by Protection, so we
undoubtedly conserved and strengthened them by Free Trade--first, by
the remission of tariffs upon the raw materials of manufacture and
machine-making, and later on by the free admission of food stuffs,
which were a prime essential to a nation destined to specialise in
manufacture. France, our chief national competitor, weakened her
position by a double protective policy, not merely refusing admittance
to foreign manufactures in her markets, but retaining heavy duties
upon the importation of foreign coal and iron, the foundational
constituents of machine-production. This protective policy, adopted by
nations whose skill, industry, and natural resources would have
rendered them formidable competitors to English manufacturers, has
hindered considerably the operation of those economic forces which
impel old and thickly-peopled countries to specialise in manufacture
and trade, and so has retarded the general development of modern
machine-production. But while protective tariffs indisputably operate
in this way, it is not possible to determine the extent of their
influence. In a large country of rich resources a high degree of
specialisation in manufacture is possible in spite of a protective
policy. The pressure of high wages is an economic force more
powerfully operative than any other in stimulating the adoption of
elaborate machinery.[95] Both in the textile and the iron industries
the United States present examples of factory development more
advanced even than those of England. Certain processes of warping and
winding are done by machinery in America which are still done by hand
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