[Problems of Poverty by John A. Hobson]@TWC D-Link book
Problems of Poverty

CHAPTER XI
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Thus it will appear that the power of a Trust or monopoly of capital is liable to be detrimental to the public interest--1st.

In proportion as there is a want of effective existing competition, and a difficulty of potential competition.2nd.In proportion as the commodity dealt in by the Trust belongs to the necessaries of life.
Sec.5.Steps in the Organization of labour .-- The movements of labour show an order closely correspondent with those of capital.

As the units of capital seek relief from the strain and waste of competition by uniting into masses, and as the fiercer competition of these masses force them into ever larger and closer aggregates, until they are enabled to obtain partial or total relief from the competitive strife, so is it with labour.

The formation of individual units of labour-power into Trades Unions, the amalgamation of these Unions on a larger scale and in closer co-operation, are movements analogous to the concentration of small units of capital traced above.

It is not necessary to follow in detail the concentrative process which is gradually welding labour into larger units of competition.


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