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Updated: June 8, 2025
The whole community, in fact, was cast into the jaws of this ravening monster, 'the cheap production' forced upon it by the World-Market." "Dear me!" said I. "But what happened? Did not their cleverness and facility in production master this chaos of misery at last?
Couldn't they catch up with the World-Market, and then set to work to devise means for relieving themselves from this fearful task of extra labour?" He smiled bitterly. "Did they even try to?" said he. "I am not sure. You know that according to the old saw the beetle gets used to living in dung; and these people, whether they found the dung sweet or not, certainly lived in it."
If we take into account the currant-crop of the Peloponnesian plain-lands which already almost monopolizes the world-market, the rare ores of the south-eastern mountains and the Archipelago, and the vintages which scientific treatment might bring into competition with the wines of the Peninsula and France, we can see that Greece has many sources of material prosperity within her reach, if only she applies her liberated energy to their development.
It must be clear that the production of an article in enormous quantities its production for the world-market is, in general, possible only if the costs of production of the article are low and if also its transportation is cheap enough not to raise its price essentially.
A day's march further down, and at the convergence of several such valleys, stands the larger county-town in the region before me as I write, one of added importance, since not only well nigh central to Scotland, but as the tidal limit of a till lately navigable river. Finally, at the mouth of its estuary, rises the smoke of a great manufacturing city, a central world-market in its way.
"Excuse me," said I, "but as you know, time presses; and I want to keep our question on the straightest line possible; and I want at once to ask this about these wares made for the World-Market how about their quality; these people who were so clever about making goods, I suppose they made them well?"
The rise of capitalism, the sudden development of the world-market, the substitution of a money medium of exchange for direct barter all these new factors were doing their work. Obviously the great gainers by the events of the momentous year were the representatives of the centralizing principle.
Whence it follows that there are many difficulties connected with the beloved claim of the worker for the full product of his toil. VII. Capital and Surplus Value. Capital is expressed in gold, it creates an historical period which has its beginning in the sixteenth century and the establishment of a world-market. Any keen economic analysis is impossible with such a notion.
During this second period, another economic development produced upon the attitude of the urban mind towards the rural population an effect to which, I think, has not been given the consideration it deserves. Better and cheaper transportation, with the consequent establishment of what the economists call the world-market, completely changed the relationship between the townsman and the farmer.
It was an admirably organized attempt to conquer the world-market for commodities, in which the Government, the banks, the manufacturers and the shipowners all worked for the common cause.
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