While the wage-workers are probably in many respects better off as a result of the trustification of industry, it would be idle to deny that there are many evils connected with it. No one who views the situation calmly can deny that the trusts exert an enormous power over the government of the country, that they are, in fact, the real government of the country, exercising far more control over the lives of the common people than the regularly constituted, constitutional government of the country does. It is also true that they can arbitrarily fix prices in many instances, so that the natural law of value is set aside and the workers are exploited as consumers, as purchasers of the things necessary to life, just as they are exploited as producers.
Of course, friend Jonathan, wages must meet the cost of living. If prices rise considerably, wages must sooner or later follow, and if prices fall wages likewise will fall sooner or later. But it is important to remember that when prices fall wages are _quick_ to follow, while when prices soar higher and higher wages are very _slow_ to follow. That is why it wouldn't do us any good to have a law regulating prices, supposing that a law forcing down prices could be enacted and enforced. Wages would follow prices downward with wonderful swiftness. And that is why, also, we do need to become the masters of the wealth we produce. For wages climb upward with leaden feet, my friend, when prices soar with eagle wings. It is always the workers who are at a disadvantage in a system where one class controls the means of producing and distributing wealth.
But, friend Jonathan, that is due to the fact that the advantages of the trust form of industry are not used as well as they might be. They are all grasped by the master class. The trouble with the trust is simply this: the people as a whole do not share the benefits. We continue the same old wage system under the new forms of industry: we have not changed our mode of distributing the wealth produced so as to conform to the new modes of producing it. The heart of the economic conflict is right there.
We must find a remedy for this, Jonathan. Labor unionism is a good thing, but it is no remedy for this condition. It is a valuable weapon with, which to fight for better wages and shorter hours, and every workingman ought to belong to the union of his trade or calling. But unionism does not and cannot do away with the profit system; it cannot break the power of the trusts to extort monopoly prices from the people. To do these things we must bring into play the forces of government: we must vote a new status for the trust. The union is for the economic struggle of groups of workers day by day against the master class so long as the present class division exists. But that is not a solution of the problem. What we need to do is to vote the class divisions out of existence. _We need to own the trusts, Jonathan!_