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The trade unions are a long-established and essential part of our national life. We take our stand by these pillars of our British society as it has gradually developed and evolved itself, of the right of individual labouring men to adjust their wages and conditions by collective bargaining, including the right to strike.

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I am glad to know that there is a system of labor where the laborer can strike if he wants to! I would to God that such a system prevailed all over the world.

I consider that every workman is well advised to join a trade union. I cannot conceive how any man standing undefended against the powers that be in this world could be so foolish, if he can possibly spare the money from the maintenance of his family, not to associate himself with an organisation to protect the rights and interests of labour.

An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.

Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. And what is needed to produce this labor-commodity? Just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. The natural price of labor is no other than the wage minimum.

Be aware that the reward for labour, and quantity of labour, are quite disparate things.

The circulation of capital realizes value , while living labour creates value.