On Society

Cover On Society
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or a railway and a ship company if the 144 ON SOCIETY stokers and seamen formed the Board ? Habits of managing really complex industries require very subtle qualities. Society would return to barbarism without them, and they are only to be learned by the education of a lifetime. We sometimes hear from the ignorant that the profits of the bloated employer should be dis- tributed to the real workers. The personal profits of the employer apart from his reserve fund and accumulation are on an avera...ge perhaps hardly more than 5 per cent of what he pays in various forms for labour. Divide that up, and it will give 6d. Or 7d. As the rise of the week's wage, Id. Or 2d. On the day's wage, and the loss to the general business profit, of having a committee of workers in place of a professional capitalist, would range from 10 per cent to utter ruin.
Responsibility in a healthy state raises and improves a capable chief, as we all recognise in the captain of a ship, or the general of an army. All of this is destroyed by placing the director under the supervision of an elected committee, who, if they are fairly to represent the great body of the workers, must necessarily know much less of business than he does, and indeed can know almost nothing at all.


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