The Law of Struggle
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In our eReader you can find the full English version of the book. Read The Law of Struggle 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 The Law of Struggle
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These unexpected changes in productivity in different parts of the world keep our markets in a state of uncertainty and turmoil; so many alien factors enter into the problem of the world 's demand and supply that capital is reduced to the position of the gambler. The psy- chology of the gambler thus enters perforce into the opera- tions of capital; every operation must bring its maximum of return for there is no certainty in tomorrow. According to every rule of natural justice, labor is not ent...itled to share in the profits accruing from the risks of capital because in all the operations of capital labor does not participate as partner but as creditor.
It is the insecurity of capital, then, with which we have to grapple and which is the chief stumbling block in the way of its regulation by any doctrinaire method. Because of this insecurity of capital — a quite justifiable insecurity under the conditions — practically every industrial and commercial enter- prise is normally in a state of panic.
What to read after The Law of Struggle?
You can find similar books in the "Read Also" column, or choose other free books by Hyman Segal to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These unexpected changes in productivity in different parts of the world keep our markets in a state of uncertainty and turmoil; so many alien factors enter into the problem of the world 's demand and supply that capital is reduced to the position of the gambler. The psy- chology of the gambler thus enters perforce into the opera- tions of capital; every operation must bring its maximum of return for there is no certainty in tomorrow. According to every rule of natural justice, labor is not ent...itled to share in the profits accruing from the risks of capital because in all the operations of capital labor does not participate as partner but as creditor.
It is the insecurity of capital, then, with which we have to grapple and which is the chief stumbling block in the way of its regulation by any doctrinaire method. Because of this insecurity of capital — a quite justifiable insecurity under the conditions — practically every industrial and commercial enter- prise is normally in a state of panic.
What to read after The Law of Struggle?
You can find similar books in the "Read Also" column, or choose other free books by Hyman Segal to read onlineMoreLess
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