Old Worlds for New a Study of the Post Industrial State

Cover Old Worlds for New a Study of the Post Industrial State
Old Worlds for New a Study of the Post Industrial State
Arthur Joseph Penty
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But he has no idea how he is going to do it. In these circumstances it is necessary to tell him. It is by restoring the small industry. There is no other way.
Xll THE PLACE OF HANDICRAFT THE conclusion to be drawn from our analysis of the structure of industry is that it is impossible to superimpose Guild organization upon its existing activities. The desire for profits, the division of labour, and the misapplication of machinery, have introduced such a measure of confusion, and created such a
...host of parasitic trades, that as it exists to-day, industry is in- capable of organization except upon a capitalist basis. So long as it remains as it is, the capitalist will inevitably remain master of the position, because industry to-day has no organic structure apart from his activities. As I pointed out in an earlier chapter, it has no life springing from its own roots, but has come to depend upon an external and artificial stimulus to galvanize it into activity from above.
In these circumstances it will be necessary, before taking measures to restore the Guilds, to bring industry back to a healthy and normal state.


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