Title | Socialism summed up |
Creator (LCNAF) |
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Publisher | The H. K. Fly Co. |
Place of Creation (TGN) |
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Date | 1913 |
Subject.Topical (LCSH) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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Original Item Extent | 110 pages: illustrations; 20 cm. |
Original Item Location | HX86.H77 1914 |
Original Item URL | http://library.uh.edu/record=b8304545~S11 |
Original Collection | Socialist and Communist Pamphlets |
Digital Collection | Socialist and Communist Pamphlets |
Digital Collection URL | http://digital.lib.uh.edu/collection/scpamp |
Repository | Special Collections, University of Houston Libraries |
Repository URL | http://libraries.uh.edu/branches/special-collections |
Use and Reproduction | This item is in the public domain and may be used freely. |
File Name | index.cpd |
Title | Image 38 |
Format (IMT) |
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File Name | uhlib_2100825_037.jpg |
Transcript | : 36 SOCIALISM SUMMED UP needs and relations are adjusted automatically by the free play of the forces of supply and demand, without interference or regulation, has gained such universal currency that it dominates the average mind even to-day. The orthodox lecturer or text-book writer on political economy is still earnestly discussing the merits of individual enterprise as against collective action and the advantages of competition over combination. He stubbornly refuses to notice that the mute forces of economic development, unconcerned by his learned theories and abstractions, have nullified the very basis of his argument, and are rapidly destroying individual effort and competition in industry. It always has been the privilege of our men of learning to live on the thoughts and facts of past ages. The modern factories, mines, railroads and other great industrial enterprises are co-operative institutions in their work and methods of production. Perfected machinery and division of labor have entirely obliterated the individuality of the worker's product. The individual worker in modern, up-to-date industries does not produce consumable commodities or render usable service. He creates particles and performs fractional operations, useless and meaningless by themselves, and acquiring value and significance only in conjunction with other fractional products created by their fellow workers. Production has developed into a distinctly social process—the collective efforts of the workers sustain our modern indus- |