114 
POLITICAL ECONOMY 
gation is needed to explain, but there can 
be no doubt, as regards industrial inte 
grations, that one cause is the large-scale 
organisation of finance which has appeared 
of late as a new and striking phenomenon 
in economic life, particularly in the United 
States. The tentative responses of State 
functioning by way of control will be watched 
with the deepest interest. It is impossible to 
foretell as yet the exact mode in which public 
well-being will be safeguarded when requisite. 
Of combinations intended to control the 
sharing of wealth between the factors en 
gaged in producing it, such as trade unions 
and employers’ associations with that object 
in view, mention will be made in Chapter IX.