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the vested interests and the common man-第8部分

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as it works out under the new order highly mechanical and 
exactingly scheduled for time; rate and place  that so controls 
and standardises the ordinary life of the common man on 
mechanical lines。 
    The training enforced by this mechanical standardisation; 
therefore; is of much the same order throughout the community as 
it is within the mechanical industries proper; and it drives to 
the same outcome;  submergence of the personal equation。 So 
that the workday information and the reasoning by use of which 
all men carry on their daily life under the new order is of the 
same general character as that information and reasoning which 
guides the mechanical engineers; and the unremitting habituation 
to its scope and method; its principles of knowledge and belief; 
leads headlong to a mechanistic conception of things; ways; 
means; ends; and values; whether it is called by that name or 
not。 The resulting frame of mind is often spoken of as 
Materialism。 This impersonal character of workday habituation is 
particularly to be counted on to take decisive effect wherever 
the latter…day scheme of mechanical standardisation takes effect 
with all that wide sweep and massive drift with which it now 
dominates the larger centers of population。 
 
    Since the modern era began; the state of the industrial arts 
has been undergoing a change of type。 Such as the followers of 
Mendel would call a 〃mutation。〃 And in the course of this 
mutation the workman and his part in the conduct of industry have 
suffered as great a dislocation as any of the other factors 
involved。 But it is also to be admitted that the typical 
owner…employer of the earlier modern time; such as he stood in 
the mind's eye of the eighteenth…century doctrinaires;  this 
traditional owner…employer has also come through the period of 
the mutation in a scarcely better state of preservation。 At the 
period of this stabilisation of principles in the eighteenth 
century; he could still truthfully be spoken of as a 〃master;〃 a 
foreman of the shop; and he was then still invested with a large 
reminiscence of the master…craftsman; as known in the time of the 
craft…gilds。 He stood forth in the eighteenth…century argument on 
the Natural Order of things as the wise and workmanlike designer 
and guide of his workmen's handiwork; and he was then still 
presumed to be living in workday contact and communion with them 
and to deal with them on an equitable footing of personal 
interest。 
    Such a characterisation of the capitalist…employer who was 
doing business at the time of the Industrial Revolution may seem 
over…drawn; and there is no need of insisting on its precise 
accuracy as a description of eighteenth…century facts。 But it 
should not be extremely difficult to show that substantially such 
a figure of an employer…owner was had in mind by those who then 
argued the questions of wages and employment and laid down the 
lines on which the employment of labor would be expected to 
arrange itself under the untroubled system of natural liberty。 
But what is more to the point is that which is beyond question。 
In practical fact; almost as fully as in the speculations of the 
doctrinaires; the employer of labor in the staple industries of 
that time was; in his own person; commonly also the owner of the 
establishment in which his hired workmen were employed; and also 
 again in passable accord with the facts  he was presumed 
personally to come to terms with his workmen about wages and 
conditions of work。 Employment was considered to be a relation of 
man to man。 That much is explicit in the writings which bear the 
date…mark of this modern Liberal point of view; and the same 
assumption has continued to stand over as a self…sufficient 
premise among the defenders of the free competitive system in 
industry; for three or four generations after that period。 
    But the course of events has gone its own way; and about that 
time  somewhere along in the middle half of the eighteenth 
century  that type of employer began to be displaced in those 
staple industries which have since then set the pace and made the 
outcome for wages and conditions of work。 So soon as the machine 
industry began to make headway; the industrial plant increased in 
size; and the number of workmen employed in each establishment 
grew continually larger; until in the course of time the large 
scale of organisation in industry has put any relation of man to 
man out of the question between employers and workmen in the 
leading industries。 Indeed; it is not unusual to find that in an 
industrial plant of a large or middling size; a factory; mill; 
works; mine; shipyard or railway of the ordinary sort; very few 
of the workmen would be able; under oath; to identify their 
owner。 At the same time; and owing to the same requirements of 
large…scale and mechanical organisation; the ownership of the 
works has also progressively been changing character; so that 
today; in the large and leading industries; the place of the 
personal employer…owner is taken by a composite business concern 
which represents a combination of owners; no one of whom is 
individually responsible for the concern's transactions。 So true 
is this; that even where the ownership of a given industrial 
establishment still vests wholly or mainly in a single person; it 
has commonly been found expedient to throw the ownership into the 
corporate form; with limited liability。 
    The personal employer…owner has virtually disappeared from 
the great industries。 His place is now filled by a list of 
corporation securities and a staff of corporation officials and 
employees who exercise a limited discretion。 The personal note is 
no longer to be had in the wage relation; except in those 
backward; obscure and subsidiary industries in which the 
mechanical reorganisation of the new order has not taken effect。 
So; even that contractual arrangement which defines the workman's 
relation to the establishment in which he is employed; and to the 
anonymous corporate ownership by which he is employed; now takes 
the shape of a statistical reckoning; in which virtually no trace 
of the relation of man to man is to be found。 Yet the principles 
of the modern point of view governing this contractual relation; 
in current law and custom; are drawn on the assumption that wages 
and conditions of work are arranged for by free bargaining 
between man and man on a footing of personal understanding and 
equal opportunity。 
    That the facts of the New Order have in this way departed 
from the ground on which the constituent principles of the modern 
point of view are based; and on which therefore the votaries of 
the established system take their stand;  this state of things 
can not be charged to anyone's personal account and made a 
subject of recrimination。 In fact; it is not a case for personal 
discretion and responsibility in detail; but rather for concerted 
action looking to some practicable working arrangement。 
    The personal equation is no longer a material factor in the 
situation。 Ownership; too; has been caught in the net of the New 
Order and has been depersonalised to a degree beyond what would 
have been conceivable a hundred years ago; especially so far as 
it has to do with the use of material resources and man power in 
the greater industries。 Ownership has been 〃denatured〃 by the 
course of events; so that it no longer carries its earlier duties 
and responsibilities。 It used to be true that personally 
responsible discretion in all details was the chief and abiding 
power conferred by ownership; but wherever it has to do with the 
machine industry and large…scale organisation; ownership now has 
virtually lost this essential part of its ordinary functions。 It 
has taken the shape of an absentee ownership of anonymous 
corporate capital; and in the ordinary management of this 
corporate capital the greater proportion of the owners have no 
voice。 
    This impersonal corporate capital; which is taking the place 
of the personal employer…owner of earlier times; is the outcome 
of a mutation of the scheme of things in business enterprise; 
scarcely less profound than the change which has overtaken the 
material equipment in the shift from handicraft methods to the 
machine technology。 In practical fact today; corporate capital is 
the capitalised earning capacity of the corporation considered as 
a going business concern; and the ownership of this capital 
therefore foots up to a claim on the earnings of the corporation。 
    Corporate capital of this kind is impersonal in more than one 
sense: it may be transferred piecemeal from one owner to another 
without visibly affecting the management or the rating of the 
concern whose securities change hands in this way; and the 
personal identity of the owner of any given block of this capital 
need not be known even to the concern itself; to its 
administrative officers; or to those persons whose daily work and 
needs are bound up with the daily transactions of the concern。 
For most purposes and as regards the greater proportion of the 
investors wh

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