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Economics of the Late Victorian Era
With the power of wealth and concentration of industry, the tremendous development in machinery, and power to drive machinery; with the improvement of the tools of labor, so that they are wonderfully tremendous machines, and with these all on the one hand; with labor, the workers, performing a given part of the whole product, probably an infinitesimal part, doing the thing a thousand or thousands of times over and over again in a day-labor divided and subdivided and specialized, so that a working man is but a mere cog in the great industrial modern plant; his individuality lost, alienated from the tools of labor; with concentration of wealth, concentration of industry, I wonder whether any of us can imagine what would be the actual condition of the working people of our country to-day without their organizations to protect them.
What would be the condition of the workingmen in our country in our day by acting as individuals with as great a concentrated wealth and industry on every hand? It is horrifying even to permit the imagination full sw…