Hence, when the toilers of a land have steady employment trade is brisk; when business stagnation forces them into idleness vice and crime afflict the country.
What avail the tireless labor of the machine and the mountains of material it places upon the market, if there are no purchasers?
One man at a machine will do as much work in a factory to-day as required the work of fifty men fifty years ago; but the enhanced volume of production can have only one purchaser now where there was once fifty, hence the fitful existence of the one and the desperate struggle for existence of the forty-nine.[15] As iron and steel cannot compete with muscle and brain in the volume of production, so iron and steel cannot compete with muscle and brain in consumption.

And, without consumption, what does production amount to?
What does it avail us that our stores and granaries are overstocked, if the people are unable to buy?
The thing is reduced to a cruel mockery when stores and granaries are over-gorged, while people clamor in vain for clothing and food, and drop dead within reach of these prime elements of warmth and sustentation.
What does it avail us if the balance of trade be in our favor by one, or two, or three hundred millions of dollars, if this result be obtained by the degradation and death of our own people?
More; not only at the expense of the well being of our own people, but of the people of those countries in whose markets we are enabled to undersell them, by reason of the more systematic pauperization of our own producing classes.
Competition, it is declared, is the life of trade; if this be true, it is truer that it is the death of labor, of the poorer classes.

For Great Britain has established herself in the markets of the world at the expense of her laboring classes.

While the capitalists of that country hold up their heads among the proudest people of the world, her laboring classes are absolutely ground to powder.

Because of the inhuman competition which her manufacturers have been led to adopt, and the introduction of improved labor-saving machinery, her balance of trade runs far into the millions of pounds, and political economists place their hands upon their hearts and declare that Great Britain is the most happy and prosperous country on the face of the globe.