I ask because of something I discovered four of five days back going through chapter 15 of capital. His writing here and through the midway of Capital seem extraordinarily prescient as someone who's started digging into the weeds of financial regulation and regulators on behalf of Occupy the SEC and Alternative Banking working group. Yet I don't think I've read much extensive work on a Marxist theory of regulation, at least one directly based on what I'm reading in capital. Please enlighten me if it's out there. :
“Our men complained very much of the bad ventilation of the collieries ... the ventilation is so bad in general that the men can scarcely breathe; they are quite unfit for employment of any kind after they have been for a length of time in connexion with their work; indeed, just at the part of the mine where I am working, men have been obliged to leave their employment and come home in consequence of that ... some of them have been out of work for weeks just in consequence of the bad state of the ventilation where there is not explosive gas ... there is plenty of air generally in the main courses, yet pains are not taken to get air into the workings where men are working.” “Why do you not apply to the inspector?” “To tell the truth there are many men who are timid on that point; there have been cases of men being sacrificed and losing their employment in consequence of applying to the inspector.” “Why is he a marked man for having complained?” “Yes...... And he finds it difficult to get employment in another mine?” “Yes.” “Do you think the mines in your neighbourhood are sufficiently inspected to insure a compliance with the provisions of the Act?” “No; they are not inspected at all ... the inspector has been down just once in the pit, and it has been going seven years.... In the district to which I belong there are not a sufficient number of inspectors. We have one old man more than 70 years of age to inspect more than 130 collieries.” “You wish to have a class of sub-inspectors?” “Yes.” (ns. 234, 241, 251, 254, 274, 275, 554, 276, 293.) “But do you think it would be possible for Government to maintain such an army of inspectors as would be necessary to do all that you want them to do, without information from the men?” “No, I should think it would be next to impossible....” “It would be desirable the inspectors should come oftener?” “Yes, and without being sent for.” (n. 280, 277.) “Do you not think that the effect of having these inspectors examining the collieries so frequently would be to shift the responsibility (!) of supplying proper ventilation from the owners of the collieries to the Government officials?” “No, I do not think that, I think that they should make it their business to enforce the Acts which are already in existence.” (n. 285.) “When you speak of sub-inspectors, do you mean men at a less salary, and of an inferior stamp to the present inspectors?” “I would not have them inferior, if you could get them otherwise.” (n. 294.) “Do you merely want more inspectors, or do you want a lower class of men as an inspector?” “A man who would knock about, and see that things are kept right; a man who would not be afraid of himself.” (n. 295.) “If you obtained your wish in getting an inferior class of inspectors appointed, do you think that there would be no danger from want of skill, &c?” “I think not, I think that the Government would see after that, and have proper men in that position.” (n. 297.) I'd suggest reading the whole section that starts here *1. Employment in mines of boys of 10 years and upwards.* — In the mines the work, inclusive of going and returning, usually lasts 14 or 15 hours, sometimes even from 3, 4 and 5 o’clock a.m., till 5 and 6 o’clock p.m. (n. 6, 452, 83). The adults work in two shifts, of eight hours each; but there is no alternation with the boys, on account of the expense (n. 80, 203, 204). The younger boys are chiefly employed in opening and shutting the ventilating doors in the various parts of the mine; the older ones are employed on heavier work. in carrying coal, &c. (n. 122, 739, 1747). They work these long hours underground until their 18th or 22nd year, when they are put to miner’s work proper (n. 161). Children and young persons are at present worse treated, and harder worked than at any previous period (n. 1663-1667). The miners demand almost unanimously an act of Parliament prohibiting the employment in mines of children under 14. And now Hussey Vivian (himself an exploiter of mines) asks: -- -Nathan Tankus -----------------------------------------------------------------------------------------------------------------------------------------------
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