The Protective Question Abroad And Remarks At the Indianapolis Exposition

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The Protective Question Abroad And Remarks At the Indianapolis Exposition
John L John Lord Hayes
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Poten- tial as this cause unquestionably is, M. Laveleye almost uncon- sciously admits, in the following passage, the influence of a more efficient cause ; viz. , unrestricted foreign competition with English industry. Comparing the present condition of industry with that under the old regime, he says : "Now, on the contrary, in the economic world all is agitation, uncertainty, strife, incessant al- ternatives of progress and crises. This is the result of the division of labor, which makes all ...the industries dependent on each other ; of the employment of mechanical forces, which group an increasing number. Of workmen, with increasing wages, in the same establish- ment ; and of the facility of international exchanges, which places each one in competition with unknown rivals scattered throughout the whole world. The great industry does not work for the clientage of the neighborhood which it can under- stand, but for the market of the world, whose necessities it is impossible to foresee.

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