Chapter 1

Fourteen years have passed since the first edition of this book was published, and in revising it for this new edition I found at my disposal an immense mass of new materials, statistical and descriptive, and a great number of new works dealing with the different subjects that are treated in this book. I have thus had an excellent opportunity to verify how far the previsions that I had formulated when I first wrote this book have been confirmed by the subsequent economical evolution of the different nations.

This verification permits me to affirm that the economical tendencies that I had ventured to foreshadow then have only become more and more definite since. Everywhere we see the same decentralisation of industries going on, new nations continually entering the ranks of those which manufacture for the world market. Each of these new-comers endeavours to develop, and succeeds in developing, on its own territory the principal industries, and thus frees itself from being exploited by other nations, more advanced in their technical evolution. All nations have made a remarkable progress in this direction, as will be seen from the new data that are given in this book.

On the other hand, one sees, with all the great industrial nations, the growing tendency and need of developing at home a more intensive agricultural productivity, either by improving the now existing methods of extensive agriculture, by means of small holdings, “inner colonisation,” agricultural education, and co-operative work, or by introducing different new branches of intensive agriculture. This country is especially offering us at this moment a most instructive example of a movement in the said direction. And this movement will certainly result, not only in a much-needed increase of the productive forces of the nation, which will contribute to free it from the international speculators in food produce, but also in awakening in the nation a fuller appreciation of the immense value of its soil, and the desire of repairing the error that has been committed in leaving it in the hands of great land-owners and of those who find it now more advantageous to rent the land to be turned into shooting preserves. The different steps that are being taken now for raising English agriculture and for obtaining from the land a much greater amount of produce are briefly indicated in Chapter V.

It is especially in revising the chapters dealing with the small industries that I had to incorporate the results of a great number of new researches. In so doing I was enabled to show that the growth of an infinite variety of small enterprises by the side of the very great centralised concerns is not showing any signs of abatement. On the contrary, the distribution of electrical motive power has given them a new impulse. In those places where water power was utilised for distributing electric power in the villages, and in those cities where the machinery used for producing electric light during the night hours was utilised for supplying motive power during the day, the small industries are taking a new development.