In this modern capitalistic world the small economic unit survives in large numbers; small-scale production continues to exist even in the most advanced countries and in Korea 75 percent of farmers owns land less than one hectre. But large-scale produ...
In this modern capitalistic world the small economic unit survives in large numbers; small-scale production continues to exist even in the most advanced countries and in Korea 75 percent of farmers owns land less than one hectre. But large-scale production holds a key position in the total economy. Agriculture, too, has nowadays examples of large-scale production, though in most countries the typical productive unit is still small. It is an unquestionable fact that large-scale production is the only foundation on which economic productivity can he built in agriculture as in industry. This essay was carried out in the following order and reached the conclusion as follows:
(1) Preface
(2) Capitalism and Agriculture
(i) The modernization of economic structure is its capitalization in the free capitalistic world.
(ii) Agriculture could be captured by capital.
(3) Superiority of Large-scale Production and Farm Economy in Korea.
(i) Large-scale production is superior to small-scale production in agriculture as in industry.
(ii) The farming sector is by far inferior to other sectors in Korea.
(4) A Way to Modernization of Agricultural Economy
The modernization of agricultural economy could be carried out only by cooperative organizations of farmers or peasants.
(5) Conclusion
Members of co-operative organizations are transformed into stock-holders of joint-stock companies under the capitalistic environment.