The Economic review Author:John Carter Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: cartelled industries, on the contrary, control the home market, and enjoy various forms of bounty or subvention on export. The interests of these two classes are... more » opposed. It is clear, Dr. Lotz says, that whenever the cartels sell their products cheaper abroad than at home, either the home consumer pays for the bounty, or the burden falls on the German tax-payer. The iron duty of 1879 was introduced as an exceptional measure for a time of great depression; it is now regarded as a permanent arrangement,1 and enables the German makers to charge a price higher in the home market than in the world market by the full amount of the duty, or even more.2 Can this be justified from the standpoint of the common good ? The effect of the duties on half-manufactured goods, the so-called consumers of which are in reality producers for export, is a subject for which Dr. Lotz desires more full inquiry and discussion. It is on no pedantic or doctrinaire grounds, no theoretical objection to State interference as such, that he pleads for caution and delay; but from study of the facts of modern industry, and of the immense power wielded by those combinations of capital which can manipulate State protection for their private ends, and almost constitute themselves " a State within the State." B. L. Hutchins. 1 Die Sonderinteresten, p. 23. " Ibid., p. 17. VOL. XV.—No. 1. LABOUR COLONIES. recrudescence of the problem of unemployment in an accentuated form has forced upon us the serious reconsideration of our haphazard and ineffectual methods of relieving distress. We already possess a number of institutions—some of a permanent character, like the casual ward and the workhouse, and others invented to cope with exceptional distress, as, for example, special relief works undertaken by municipa...« less