The Next Step: A Plan for Economic World Federation — John Shaqi
The Next Step: A Plan for Economic World FederationNearing, Scott
History
The Next Step: A Plan for Economic World Federation
Nearing, Scott
Economic history
Through the ages various methods of making a living were inaugurated
successively. Medieval Europe had worked out a combination of herding,
agriculture, craft industry and trade that made a stable life for an
agricultural village a practical possibility.
This period of economic stability--this golden age--was followed by a
series of events that threw the fat into the fire. First in England,
and then in all of the important countries of Europe, the industrial
revolution turned the simple grazing, farming, craft-industry life of
the village topsy-turvy, by providing a new method of converting
nature's bounty into goods and services calculated to meet the
increasing needs and wants of mankind. So far-reaching was the change
that it has compelled a reorganization of virtually all phases of social
life, but for the present purpose, it has been felt chiefly in four
fields: manufacturing, commerce, wealth-surplus and population.
The efficiency of the new manufacturing processes has provided a large
surplus of goods that must be taken somewhere, exchanged for food and
raw materials, which must, in turn, be brought to the producers of
manufactured goods. In the course of these transactions, a generous
share of the values produced goes, in the form of profit, to the owners
of the industry, another considerable portion goes into reinvestment,
thus swelling the volume of productive capital.
The increased wealth, the larger capital and the greater amount of
surplus all make possible the maintenance of a larger population. Thus
it has come about during the past century, that the production of goods,
the transport of goods, and the population, have all been increasing at
a rate unheard of during the previous thousand years.
The suddenness of these economic changes has swept the world away from
its accustomed moorings, out upon an uncharted sea. Only yesterday the
race was struggling to make a meagre living: to-day the centres of
industry are glutted with bulging warehouses and equipped with idle
machinery that will produce unheard of quantities of shoes and blankets
and talking machine records, if the owners will but give the word to the
workers who are eager to perform those services that yield them a
living. Only yesterday the world was maintained by local production:
to-day it depends upon transport and exchange. All of these changes in
the accustomed ways and acts of men have been brought about in the
course of an economic revolution.
The tidal wave of the industrial revolution has not stopped with the
economic world. No phase of life has been exempt from the power of its
magic. The school, the church, the family, the home, the state, have all
felt its transforming might. The aggregate of these changes is the
profound social revolution that has been for some time, and that is at
present tearing the fabric of the old society to tatters, while beneath
its surface-chaos is forming the nucleus of a new social order.
9. _A New Order_
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account