Summary

J. A. Hobson The Evolution of Modern Capitalism…

In a word, while it is the interest of each producer of machine-made goods to give regular employment, some wider industrial force compels him to irregularity. What is this force? It is uncontrolled machinery. In the several units of machine-production, the individual factories or mills, we have admirable order and accurate adjustment of parts; in the aggregate of machine-production we have no organisation, but a chaos of haphazard speculation. "Industry has not yet adapted itself to the changes in the environment produced by machinery."
Source: Gutenberg

J. A. Hobson The Evolution of Modern Capitalism…

When it is clearly grasped that a demand for commodities is the only demand for the use of labour and of capital, and not merely determines in what particular direction these requisites of production shall be applied, the hope of the future of our industry is seen to rest largely upon the confident belief that the working classes will use their higher wages not to draw interest from investments (a self-destructive policy) but to raise their standard of life by the current satisfaction of all those wholesome desires of body and mind which lie latent under an "economy of low wages."
Source: Gutenberg

J. A. Hobson The Evolution of Modern Capitalism…

To evoke the personal human qualities of this medley of city workers so as to reach within the individual the citizen, to educate the civic feeling until it take shape in civic activities and institutions, which shall not only safeguard the public welfare against the encroachments of private industrial greed, but shall find an ever ampler and nobler expression in the æsthetic beauty and spiritual dignity of a complex, common life—all this work of transformation lies in front of the democracy, grouped in its ever-increasing number of town-units.
Source: Gutenberg

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