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第12章

the vested interests and the common man-第12章

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knowledge; which the community has the use of。 This sets the 
limit; determines the 〃maximum〃 production of which the community 
is capable。 The actual production in such a community will then 
be determined by the extent to which the available technological 
efficiency is turned to account; which is regulated in part by 
the intelligence; or 〃education;〃 of the working population; and 
in greater part by market conditions which decide how large a 
product it will be profitable for the business men to turn out。 
The net product is the amount by which this actual production 
exceeds its own cost; as counted in terms of subsistence; and 
including the cost of the necessary mechanical equipment; this 
net product will then approximately coincide with the annual 
keep; the cost of maintenance and replacement; of the investors 
or owners of capitalised property who are not engaged in 
productive industry; and who are on this account sometimes spoken 
of as the 〃kept classes;〃 Indeed; it would seem that the number 
and average cost per capita of the kept classes; communibus 
annis; affords something of a rough measure of the net product 
habitually derived from the community's annual production。 
    The state of the industrial arts; therefore; is the 
indispensable conditioning circumstance which determines the 
productive capacity of any given community; and this is true in a 
peculiar degree under this new order of industry; in which the 
industrial arts have reached an unexampled development。 The same 
decisive factor may also be described as 〃the community's joint 
stock of technological knowledge。〃 This common stock of 
technological knowledge decides what will be the ordinary ways 
and means of industry; and so it decides what will be the 
character and volume of the output of product which a given man 
power is capable of turning out。 Evidently no man power and no 
working population can turn out any annual product without the 
use of something in the way of technological knowledge; that is 
to say some state of the industrial arts。 The working community 
is a productive factor only by virtue of; and only up to the 
limit set by; the state of the industrial arts which it has the 
use of。 The contrast of industrial Japan or of industrial Germany 
before the middle of the nineteenth century and after the close 
of the century will serve for illustration; that is to say before 
and after those peoples had come in for the use of the technology 
of the machine era。 The disposable excess of the yearly product 
over cost is a matter of the efficiency of the available state of 
technological knowledge; and of the measure in which the working 
population is put in a position to make use of it。 These; of 
course; are obvious facts; which it should scarcely be necessary 
to recite; except that they are habitually overlooked; perhaps 
because they are obvious。 
    The Industrial Revolution of the eighteenth century was a 
revolution in the state of the industrial arts; of course; it was 
a mutation of character in the common stock of technological 
knowledge held and used by the industrial population of the 
civilised countries from that time forward。 The shift from the 
older to the new order of industry was of such a nature as to 
call for the use of an extensive equipment of mechanical 
apparatus; progressively more and more extensive as the change to 
the machine technology went on; and at the same time the 
disposable margin of product above cost also progressively went 
on increasing with each further increase of the community's joint 
stock of technological knowledge。 
    This body of technological knowledge; the state of the 
industrial arts; of course has always continued to be held as a 
joint stock。 Indeed this joint stock of technology is the 
substance of the community's civilisation on the industrial side; 
and therefore it constitutes the substantial core of that 
civilisation。 Like any other phase or element of the cultural 
heritage; it is a joint possession of the community; so far as 
concerns its custody; exercise; increase and transmission; but it 
has turned out; under the peculiar circumstances that condition 
the use of this technology among these civilised peoples; that 
its ownership or usufruct has come to be effectually vested in a 
relatively small number of persons。 Unforeseen and undesigned; 
the mechanical circumstances of the new order in industry have 
reversed the practical effects of the common law in respect of 
self…help; equal opportunity and free bargaining。 The mechanics 
of the case has worked out this result by cutting away the ground 
on which those principles were based at the time of their 
acceptance and installation。 
    The machine technology requires for its working a large and 
specialised mechanical apparatus; an ever increasingly large and 
increasingly elaborate material equipment。 So also it requires a 
large and diversified supply of material resources; both in raw 
materials and in the way of motive power。 It is only on condition 
that these requirements are met in some passable fashion that 
this industrial system will work at all; and it is only as these 
requirements are freely met that the machine industry will work 
at a high efficiency。 At the same time the settled principles of 
law and usage and public policy handed down from the eighteenth 
century have in effect decided; and continue to decide; that all 
material wealth is; rightly; to be held in private ownership; and 
is to be made use of only subject to the unhampered discretion of 
the legally rightful owner。 Meantime the highly productive state 
of the industrial arts embodied in the technological knowledge of 
the new order can be turned to account only by use of this 
material equipment and these natural resources which continue to 
be held in private ownership。 From which it follows that these 
material means of industry; and the state of the industrial arts 
which these material means are to serve; can be turned to 
productive use only so far and on such conditions as the rightful 
owners of the material equipment and resources may choose to 
impose; which enables the owners of this indispensable material 
wealth; in effect; to take over the use of these industrial arts 
for their own sole profit。 So that the usufruct of the 
community's technological knowledge has come to vest in the 
owners of such material wealth as is held in sufficiently large 
blocks for the purpose。 
    Therefore; by award of the settled principles of equity and 
self…help embodied in the modern point of view; as stabilised in 
the eighteenth century; the owners of the community's material 
resources  that is to say the investors in industrial business 
 have in effect become 〃seized and possessed of〃 the 
community's joint stock of technological knowledge and 
efficiency。 Not that this accumulated knowledge of industrial 
forces and processes has passed into the intellectual keeping of 
the investors and been assimilated into their mentality; even to 
the extent of a reasonably scanty modicum。 It remains true; of 
course; that the investors; owners; kept classes; or whatever 
designation is preferred; are quite exceptionally ignorant of all 
that mechanics of industry whose usufruct is vested in them; they 
are; in effect; fully occupied with other things; and their 
knowledge of industry ordinarily does not; and need not; extend 
to any rudiments of technology or industrial process。 It is not 
as intelligent persons; but only as owners of material ways and 
means; as vested interests; that they come into the case。 The 
exceptions to this rule are only sufficiently numerous to call 
attention to themselves as exceptions。 
    As an intellectual achievement and as a working force the 
state of the industrial arts continues; of course; to be held 
jointly in and by the community at large; but equitable title to 
its usufruct has; in effect; passed to the owners of the 
indispensable material means of industry。 Though not hitherto by 
formal specification and legal provision; their assets include; 
in effect; the sta

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