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Anyone who believes that the rise in the standard of living of the working classes in this country in the last twenty years or the last hundred and twenty years is due to the existence and actions of the trade unions, will believe anything. It is the kind of absurdity which people only entertain when they are desperately determined to do so, for fear of the consequences of disbelief. The rise in that standard is due to the greater productivity of labour, proceeding in turn from a whole host of causes-greater scientific and technical knowledge, more capital, better organisation, and so on. We all know this, and we all know that it has nothing whatever to do with restraint of trade or restriction of competition.