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Looking Backward, 2000 to 1887

Chapter 5 5

Word Count: 2808    |    Released on: 28/11/2017

dy for me; but if I was inclined to wakefulness nothing would please him better than to bear me company. "I am a late bird, myself," he said, "and, without suspicion of flattery, I

d had glimpses, vivid as lightning flashes, of the horror of strangeness that was waiting to be faced when I could no longer command diversion. I knew I could not sleep that night, and as for lying awake and thinking, it argues no cowardice, I am sure, to confess that I was afraid of it. When, in reply to my host's questio

than many a previous millennium. With the city before me I could well believe that, but I am very curious to know what some of the changes have been. To make a beginning somewhere, for the subject is doubtless a large one, what solution, if any, have you found for the labor quest

devoured if it had failed to answer a riddle so entirely simple. In fact, to speak by the book, it was not necessary for society to solve the riddle at all. It may be said to have solved itself. The solution came a

at at the time I fell asleep no s

you fell into this sl

ay 30th

y of our historians, but few facts of history are more difficult for us to realize, so obvious and unmistakable as we look back seem the indications, which must also have come under your eyes, of the transformation about to come to pass. I should be interested, Mr. West, if you would give me a little more definite idea of the view which

society was dragging anchor and in danger of going adrift. Whit

rfectly perceptible if you had but taken pains to observe it,

ciate more fully than ever. All I can say is, that the prospect was such when I went into that long sleep that I should not have b

ccount of your era has been generally thought exaggerated in its picture of the gloom and confusion of men's minds. That a period of transition like that should be full of excitement and agitation was

"I am impatient to know by what contradiction of natural sequence the peace and pros

cannot do better than to try to give you enough idea of our modern industrial system to dissipate at least the impression that there is any mystery about the process of its evolution. The Bostonians of your da

ikes, of cour

t made the strike

labor org

motive of these gr

organize to get their rights from

workman was relatively important and independent in his relations to the employer. Moreover, when a little capital or a new idea was enough to start a man in business for himself, workingmen were constantly becoming employers and there was no hard and fast line between the two classes. Labor unions were needless then, and general strikes out of the question. But when the era of small concerns

ved that the great corporations were preparing for them the yoke of a baser servitude than had ever been imposed on the race, servitude not to men but to soulless machines incapable of any motive but insatiable g

oo small to attract the great capitalists. Small businesses, as far as they still remained, were reduced to the condition of rats and mice, living in holes and corners, and counting on evading notice for the enjoyment of existence. The railroads had gone on combining till a few great syndicates controlled every rail in the land. In manufactories, every important staple was controlled by a syndicate. These syndicates, pools, trusts, or whatever their name, fixed prices and crushed all competition except when combinations as vast as themselves arose. T

, even if possible, would have involved returning to the day of stagecoaches. Oppressive and intolerable as was the regime of the great consolidations of capital, even its victims, while they cursed it, were forced to admit the prodigious increase of efficiency which had been imparted to the national industries, the vast economies effected by concentration of management and unity of organization, and to confess that since the new system had taken the place of the old the wealth of the world had increased at a rate before undream

o ask themselves these questions, they found the answer ready for them. The movement toward the conduct of business by larger and larger aggregations of capital, the tendency toward monopolies, whic

ed; it became the one capitalist in the place of all other capitalists, the sole employer, the final monopoly in which all previous and lesser monopolies were swallowed up, a monopoly in the profits and economies of which all citizens shared. The epoch of trusts had ended in The Great Trust. In a word, the people of the United States concluded to assume the conduct of their own business, just as one hundred odd years before they had assumed the conduct of their own government, organizing now for industrial purposes on precisely the sa

said I, "did not, of course, take place with

e people up to the point of assuming control of their own business. Fifty years before, the consolidation of the industries of the country under national control would have seemed a very daring experiment to the most sanguine. But by a series of object lessons, seen and studied by all men, the great corporations had taught the people an entirely new set of ideas on this subject. They had seen for many years syndicates handling revenues greater than those of states, and directing the labors of hundreds of thousands of men with an efficiency and economy unattainable in smaller operations. It had come to be recognized as an axiom that the larger the business the simpler the pr

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