Industrial Freedom
Industrial Freedom
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In our eReader you can find the full English version of the book. Read Industrial Freedom Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Industrial Freedom
What reading level is Industrial Freedom book?
To quickly assess the difficulty of the text, read a short excerpt:
\Ye know that capi- tal has to some extent gone out of the coun- try, and we know that our prosperity has hith- erto depended on its coming into the country. It may not be true that six hundred millions, or even three hundred millions, of foreign capital that would under former conditions have been invested in this country, have not been invested here. But it is true that capital has proved its power of taking flight, and it is also true that the result has been to reduce the compensation of Am...erican workmen.
The idea that fixed capital can not be re- duced is incorrect. We are, as has been pointed out, a growing country, needing continually larger fixation of capital. But the additional investment is the voluntary act of capitalists. They will not make it if they think they will lose it; they will be particularly reluctant if they think they may lose it by confiscation. To cease to add to our fixed capital is to effect a relative reduction in its amount; and it is perfectly feas- ible to reduce its absolute amount.
What to read after Industrial Freedom?
You can find similar books in the "Read Also" column, or choose other free books by Means, David Macgregor, 1847-1931 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
\Ye know that capi- tal has to some extent gone out of the coun- try, and we know that our prosperity has hith- erto depended on its coming into the country. It may not be true that six hundred millions, or even three hundred millions, of foreign capital that would under former conditions have been invested in this country, have not been invested here. But it is true that capital has proved its power of taking flight, and it is also true that the result has been to reduce the compensation of Am...erican workmen.
The idea that fixed capital can not be re- duced is incorrect. We are, as has been pointed out, a growing country, needing continually larger fixation of capital. But the additional investment is the voluntary act of capitalists. They will not make it if they think they will lose it; they will be particularly reluctant if they think they may lose it by confiscation. To cease to add to our fixed capital is to effect a relative reduction in its amount; and it is perfectly feas- ible to reduce its absolute amount.
What to read after Industrial Freedom?
You can find similar books in the "Read Also" column, or choose other free books by Means, David Macgregor, 1847-1931 to read onlineMoreLess
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