Political Writings
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In our eReader you can find the full English version of the book. Read Political Writings 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 Political Writings
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Happily, this vast social machinery is not without its safety valve, for the assurance of those timid persons who live in dread of its explosive energies. It is the interest of em- ployers, having large amounts invested in fixed capitals, to continue to employ their work-people, long after those investments cease to be profitable.
I know instances in which mill-owners, whilst hoping for better times, have preferred to work on at a loss of several thousand pounds a-year of their floating capital..., rather than, by closing their establishments, to incur far greater sacrifices from the total unpro- ductiveness of their buildings, machinery, labourers,' cottages, and all that constitutes their fixed capital ; to say nothing of the disadvantage of withdrawing from the market, and losing their connexions and customers. There is an honourable pride, too, amongst the tall chimnies, not without its use, which disinclines them to be the first to cease to smoke. It follows, however, that mischief may be insidiously working when all is apparent prosperity ; and this very disposition to prolong the struggle might, under DISTRESS OF THE PEOPLE.
What to read after Political Writings?
You can find similar books in the "Read Also" column, or choose other free books by Richard Cobden to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Happily, this vast social machinery is not without its safety valve, for the assurance of those timid persons who live in dread of its explosive energies. It is the interest of em- ployers, having large amounts invested in fixed capitals, to continue to employ their work-people, long after those investments cease to be profitable.
I know instances in which mill-owners, whilst hoping for better times, have preferred to work on at a loss of several thousand pounds a-year of their floating capital..., rather than, by closing their establishments, to incur far greater sacrifices from the total unpro- ductiveness of their buildings, machinery, labourers,' cottages, and all that constitutes their fixed capital ; to say nothing of the disadvantage of withdrawing from the market, and losing their connexions and customers. There is an honourable pride, too, amongst the tall chimnies, not without its use, which disinclines them to be the first to cease to smoke. It follows, however, that mischief may be insidiously working when all is apparent prosperity ; and this very disposition to prolong the struggle might, under DISTRESS OF THE PEOPLE.
What to read after Political Writings?
You can find similar books in the "Read Also" column, or choose other free books by Richard Cobden to read onlineMoreLess
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