ABSTRACT
The very idea of an attempt at harmonizing may upset many deep-rooted eighteenth- and nineteenth-century false ideas, founded on "master and man" theories that Labour is merely the paid tool of Capital. But the human elements combined in Capital and Labour are neither social scientists nor political economists nor philanthropists; yet to be able to meet the modern twentieth-century outlook they ought to be acquainted with certain general basic principles. For in this relation between Capital and Labour, which must be acknowledged to be the greatest and most intricate problem of all, no attempt has yet been made to get down to first principles. Productive and distributive business must be so organized as to harmonize the relative positions of Capital and Labour. Co-Partnership can do no more than produce the right environment and create conditions for Capital and Labour that are mutually healthy and stimulating. Trade Unions are as essential under Co-Partnership as under the present existing system.
