ABSTRACT
Rationalisation further considered—Can it raise the working-class standard of life?—The experience of Germany and America—The displacement of labour by mechanisation—Why rationalisation is inevitable—But unlikely to advance very fast—The attitude of British employers—Lord Melchett's policy—The legal position of combines in Great Britain—And its effect on the forms of industrial combination—Should the law be amended?—Instability of certain forms of combination—Does it benefit the consumer? —Probable tendency of capitalist policy—Breakdown of divisions between industries—Need for State control of combines and State action to regulate their membership and policy.
