Browsing By Tag "nominal capital"
The grip of capital Upon the workers is like the grip of the thumb-screw upon some wretched victim in the torture chamber of past ages. Deeper and deeper it squeezes into their lives, crushing out endurance. One of the later turns of this pitiless screw is the concentration of industrial control. Socialists have long noted a growing tendency towards this latest form of tyranny, but lately it appears to have started forward with new vigor. Remarkable changes are daily taking place in industry, changes which are rapidly preparing the way for that tremendous social change that the workers call the Coming Revolution, Few realize how fast the small capitalist employer is now being swept away by the competition of large concerns, mostly in the fo... (From : AnarchyArchives.)