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
§ 7. The growing interdependency of trades and markets, the ever
closer sympathy which exists between them, the increased rapidity with
which a movement affecting one communicates itself to others, is
another striking characteristic of modern trade. This interdependency
is in large measure one of growing structural attachment between
trades and markets formerly in faint and distant sympathetic
relationship. Formerly, agriculture was the one important foundational
industry, and from the feebleness of the transport system the vital
connections and the unity it supplied was local rather than national
or international. Now the agricultural industries no longer occupy
this position of prominence. The coal and iron industries engaged in
furnishing the raw material of machinery and steam-motor, the machine
manufacture, and the transport services, are the common feeders and
regulators of all industries, including that of agriculture. They form
a system corresponding to the alimentary system of the human body, any
quickening or slackening of whose functional activities is directly
and speedily communicated to the several parts. Any disturbance of
price, of efficiency, or regularity of production in these
foundational industries is reflected at once and automatically in the
several industries which are engaged in the production and
distribution of the several commodities. The mining and metal
industries, shipbuilding, and the railway services are recognised more
and more as furnishing the true measure and test of modern trade;
their labour enters in ever larger proportion into the production of
all the consumptive goods.
Besides the general integration or unification of industry implied by
the common dependency of the specific trades upon these great
industries, there are other forces engaged in integrating groups of
trades. Foremost is the "roundabout" method of production, to which
our attention has been already directed. Not merely does this
capitalist system bring a number of trades and processes under the
control of a single capital, as a single complex business, but it
establishes close identity of trade-life and interests among
businesses, trades, and markets which remain distinct so far as
ownership and management are concerned.
§ 8. If we take the mass of capital and labour composing one of our
staple productive industries, we shall find that it is related in four
different ways to a number of other industries.
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