The Control of Industry

actual advantages banks become capitalist Cartel CHAPTER Co-operation co-operative coal Collectivism combination Company law competition concentration conduct consumer cotton deal dealer debentures demand desire device differentiation directors division of labour economic elaborate England exercise expensive factory system functions further Germany government of industry Guild Guild Socialism Guild Socialist hands Hardy and Willis individual instance interest involve iron and steel joint joint-stock company kind Lancashire large firm large-scale less limited Looking-glass machine machinery manufacturer ment merchant methods modern industry operations ordinary organization output ownership payment performed permanent persons present principle private enterprise problem processes production railway raw material retail risks Secondly secure sells separate shareholders shares society sometimes specialized standardization staple wool supply swords to ploughshares Syndicalism tendency Thirdly tion trade unions transport vertical integration whole wholesale workers workman