The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 890184704

URN:: urn:nbn:de:zbw-retromon-6609

Document type:: Monograph

Title:: Festschrift für den 3. Internationalen Petroleumkongreß (Bukarest, September 1907)

Place of publication:: Berlin

Publisher:: Verlag für Fachliteratur G.m.b.H

Year of publication:: 1907

Scope:: 1 Online-Ressource (125 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Die Kapitalsinvestionen in der rumänischen Petroleum-Industrie in ihrer geschichtlichen Entwicklung

Collection:: Economics Books

THE PHYSICAL CONDITIONS OF WELFARE 879 management of their business; in either case the community will suffer, and the working classes will have to bear their share in the general disaster. But on the other hand, there is good reason to hope that they will attain to such a measure of political wisdom, and such a sense of political responsi- bility, as to endeavour to avoid these dangers, and so may refrain from pushing the interest of their class beyond the point where it ceases to be consonant with the well-being of the community as a whole. The accentuation of this element of care for labour, which is a characteristic feature of modern English life, is reproduced in the daughter communities and her which have grown up during the last half-century. Labour colonies is the predominant factor in the political life of Australia and New Zealand ; the conditions of labour occupy much of the consideration of the legislature, and the welfare of labour takes a very prominent place in the conception of the welfare of the community. In other modern States this is not the case to nearly the while the same extent. Among continental peoples, the necessity of ln maintaining large military organisations is still regarded as {ur paramount. Power rather than Welfare is the main object concerned of economic policy; France, Germany, and Russia are neces- National sarily pursuing a course that is more closely parallel to that Power. of England in the seventeenth century, than to that of England to-day. In Germany in particular the efforts of the government to retain the mastery, and yet to exercise it benevolently, bear a curious analogy to the work of the Council under James I. and Charles I. "In America, with the extraordinary possibilities of settling on the land which it offers, the necessity of taking active steps to promote, or to protect, the interests of labour have never been recognised. There may be a change in this respect, now that the field for extension is so clearly defined’, but up to the present time the government has been inclined to give facilities for the accumulation and profitable employment of capital, as the best expedient for promoting the development of industrial employment and the good of the community. Soar as the rie of American economic system is concerned, it appears to be capital. F. J. Turner, Significance of the Frontier in American History, 199.

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