WORKERS' OBJECT
THE DOMINATION OF CAPITAL
SUBSTITUTEON OF NEW BASIC PRINCIPLE NEEDED 'By TelesraDb-Presj Assoolatlon-Oopyrlflvt (Rec. October 25, 0.10 a.m) London, October 24. Viscount Haldane, at an inaugural meeting: of the Institute of Industrial Administration, said: 'The workers' object is <the domination of capital. We must substitute as the basic principle the notion that services are rendered in common ivilh a view to ensuring success in industry with the greatest output and profits. Profits should be divided among those rendering services, according to merits. Capitalists are entitled, and should receive, interest commensurate with the risk run. Adequate salaries filu-uld be paid to managers and specialists, and a standard wage to workers, extra profits to bo divided according to the services of each." He believed it would be possible to secure the workers' support.—Aus.-N.Z. Cable Assn
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Dominion, Volume 14, Issue 25, 25 October 1920, Page 5
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135WORKERS' OBJECT Dominion, Volume 14, Issue 25, 25 October 1920, Page 5
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