Problems of Poverty; An Inquiry Into the Industrial Condition of the Poor
Problems of Poverty; An Inquiry Into the Industrial Condition of the Poor
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In our eReader you can find the full English version of the book. Read Problems of Poverty; An Inquiry Into the Industrial Condition of the Poor 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 Problems of Poverty; An Inquiry Into the Industrial Condition of the Poor
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To quickly assess the difficulty of the text, read a short excerpt:
This of course often happens. The big screw-manufacturer able to provide some new labour-saving machinery, to advertise more effectively, or even to sell at a loss for a period of time, can drown his weaker competitors and take their trade. The small tradesman can no longer hold his own in the fight with the universal provider, or the co-operative store.
But this destruction of the small business, though an essential factor in the movement, is not perhaps the most important aspect. The industri...al superiority of the large business over the small makes for the concen- tration both of small capitals and of business ability. The monster millionaire, who owns the whole or the bulk of his great business, is after all a very rare specimen. The typical Digitized by VjOOQIC 204 PROBLEMS OF POVERTY.
business fonn of to-day is the joint stock company. This simply means that a number of capitalists, who might otherwise have been competing with one another on a small scale of business, recognizing the advantage of size, agree to mass their capital into one large lump, and to entrust its manipulation to the best business ability they can muster among them, or procure from outside.
What to read after Problems of Poverty; An Inquiry Into the Industrial Condition of the Poor?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This of course often happens. The big screw-manufacturer able to provide some new labour-saving machinery, to advertise more effectively, or even to sell at a loss for a period of time, can drown his weaker competitors and take their trade. The small tradesman can no longer hold his own in the fight with the universal provider, or the co-operative store.
But this destruction of the small business, though an essential factor in the movement, is not perhaps the most important aspect. The industri...al superiority of the large business over the small makes for the concen- tration both of small capitals and of business ability. The monster millionaire, who owns the whole or the bulk of his great business, is after all a very rare specimen. The typical Digitized by VjOOQIC 204 PROBLEMS OF POVERTY.
business fonn of to-day is the joint stock company. This simply means that a number of capitalists, who might otherwise have been competing with one another on a small scale of business, recognizing the advantage of size, agree to mass their capital into one large lump, and to entrust its manipulation to the best business ability they can muster among them, or procure from outside.
What to read after Problems of Poverty; An Inquiry Into the Industrial Condition of the Poor?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
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