ABSTRACT
The world owes a great deal to the English-speaking inventor in other directions. In the peaceful fields of industry the list is still longer. The relations of Capital and Labour have been wrangled over until all arguments are threadbare. Capital wants the largest possible return on capital, and is not reluctant to receive it with the least possible exertion. Workmen want the biggest wages and the shortest hours, and are not averse to these being realized with a minimum of exertion. These twin brothers in wants have got to recognize they cannot, either of them, achieve their aims by the methods adopted in the past. Modern industrialism is not very old—not two centuries old, and that is a short time in the history of the world. Prior to that man and master worked side by side. With enormous factories and machinery came of necessity a huge organization in which men working in the factory hardly ever saw the so-called employer.
