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The scale of capitalist enterprise, prior to the development of the modern corporation, was limited by both the availability of capital and the management capacities of the capitalist or group of partners. These are the limits set by personal fortunes and personal capabilities. It is only in the mo…

Monopoly capital had its beginnings, it is generally agreed, in the last two or three decades of the nineteenth century. It was then that the concentration and centralization of capital, in the form of the early trusts, cartels, and other forms of combination, began to assert itself; it was consequ…

The enormous and continuous growth in demand for engineers has created a new mass occupation. On the one hand, this has, along with other new professions such as accounting, given a place to those thrust out of the old middle class by the relative decline of the petty entrepreneurial occupations in…

The chief advantage of the industrial assembly line is the control it affords over the pace of labor, and as such it is supremely useful to owners and managers whose interests are at loggerheads with those of their workers. From a technological point of view, it is extraordinarily primitive and has…

In reality, machinery embraces a host of possibilities, many of which are systematically thwarted, rather than developed, by capital. An automatic system of machinery opens up the possibility of the true control over a highly productive factory by a relatively small corps of workers, providing thes…