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

CHAPTER II
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But this is not the place to discuss methods of reform.

It is sufficient to note the testimony borne by all alike to the disintegrating influence of machinery.
Again, the growth of machinery makes industry more intricate.
Manufacturers no longer produce for a small known market, the fluctuations of which are slight, and easily calculable.

The element of speculation enters into manufacture at every pore--size of market, competitors, and price are all unknown.

Machinery works at random like the blind giant it is.

Every improvement in communication, and each application of labour-saving invention adds to the delicacy and difficulty of trade calculations.


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