The World in Chains: Some Aspects of War and TradeMavrogordato, John
Philosophy
The World in Chains: Some Aspects of War and Trade
Mavrogordato, John
Profiteering; War -- Economic aspects
The most obvious if not the only exception to our tale of war profits is
to be found in the case of the parasitic industries which specialise in
the production of the unnecessary. It is not easy rigidly to define the
luxury trade, for the luxury of one generation is the necessity of the
next; but it is enough to suggest a broad idea of the industries that
fall under this heading. "The income-tax assessments show," says _The
Times_,[50] speaking of Berlin after nine months of war, "that among the
trades which have suffered most are fruiterers, breweries,
public-houses, bars, cafes, chemists and perfumers, goldsmiths and
silversmiths, jewellers, milliners, furniture and piano dealers, and
music and booksellers. Landowners, land speculators, builders and the
carrying trade have also suffered." We may also notice that in the early
months of the war Florence, the great market of the shoddy "souvenir"
and the "tourist's delight," suffered a good deal more than London,
although Italy still remained neutral. In London itself a good example
of the parasitic industry are the firms which make ingeniously useless
silver toys for rich people to give each other at Christmas.[51]
Many such industries may indeed have suffered in England, although many
of the trades mentioned in the Berlin list have not been affected in
London, and at least two of them have made conspicuous profits. But in
any case it is probable that they suffered if at all only during the
first period of the war, when the general feeling of strangeness and
insecurity was strong enough to inhibit the shopping instinct of the
wealthier classes. As soon as these became accustomed to the state of
war they reverted with even greater energy to their old pastime of
spending money: and meanwhile the luxury trades had acquired an entirely
new set of customers, for a large part of the profits accumulated in
other trades were now being spent by a newly enriched class who were
unaccustomed to save, for the simple reason that they had never before
been in a position to do so. Consequently the luxury trades after a year
of war had not only recouped their temporary losses but were doing a
bigger business than ever. The natural adaptability of the trades which
pander to fashion must also be taken into account. A number of them
after the first panic recaptured the failing demand by advertising very
simple modifications of their ordinary supply. Some, for instance,
turned to the manufacture of equally plausible superfluities of military
equipment--such as silver and gold identity disks and watches with
luminous dials and queer little hieroglyphs in place of the ordinary
figures. Trades already so well organised for exploitation could easily
defeat any general attempt at social economy. Thus for women of the
upper middle class the most obvious form of war economy was to carry on
with only a slight alteration of last year's dresses; and such was their
Public-domain text, read in full here on John Shaqi.
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