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
declared intention when their hands were forced by the Dressmakers'
revolutionary change in the fashion which substituted the full skirt for
the tight skirt of 1913-14. The extraordinary ingenuity of this move
was, not only that it thwarted any good intention of not buying a new
dress this year, it being manifestly impossible to "alter" a tight skirt
into a crinoline, but also that the extra cloth required for the
unusually full skirts more than compensated the trade for the continued
abstention of a few unfashionable obstinates, as well as for the extra
cost of labour.[52]
FOOTNOTES:
[Footnote 49: One Jewish contractor supplied corn and fodder to all
three armies. As soon as his Turkish customers had capitulated, he
tendered for the supply of the victorious Greeks, and he still had
enough to spare for the Bulgarians when they entered the town.]
[Footnote 50: May 17, 1915.]
[Footnote 51: Such "labour-saving devices," for instance, as "poached
egg servers."]
Sec. 8
Trade Profits in war not shared by the Nation but confined to Employers
The trade profits which are thus directly stimulated by the conditions
of war, do not imply the prosperity of the Trade as a whole, if a Trade
is understood to mean a certain section of the nation including in a
sort of guild or hierarchy representatives of every class engaged in a
particular Trade. They do imply the prosperity of a particular class,
for they are all employers' profits, profits on the capital involved.
Unfortunately the profits of the Capitalists do not involve the profits
of the Labourers, and cannot therefore be tested by statistics of
unemployment. But of course the fluctuations of unemployment do very
materially affect the opportunities of Trade, and it might reasonably be
argued that the apparent profits created by War are really modified by
the conditions of the Labour market or otherwise equitably distributed
among the general population. Unfortunately it is quite easy to show
that the one policy of employers during the present war has been to
maintain their profits without any concern for the general population,
and that the effect of war has been to increase the profits of Capital
not only by increasing the demand but also by making the Employers
increasingly independent of the labourers' claims.
Public-domain text, read in full here on John Shaqi.
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