A Critical Examination of SocialismMallock, W. H. (William Hurrell)
Philosophy
A Critical Examination of Socialism
Mallock, W. H. (William Hurrell)
Communism; Socialism
There is in this fact much more than at first appears. Let us go back to
a point insisted on in the previous chapter. It was there shown, in
connection with the question of abstract justice, that those who attack
interest on the ground that it is essentially income for which its
recipients give nothing in return, fall into the error of ignoring the
element of time, without reference to which the whole process of life is
unintelligible. It was shown, by various examples, that in a large
number of cases the efforts which ultimately result in the production of
great wealth do not produce it till after, often till long after, the
original effort has come altogether to an end. Let us now take this
point in connection, not with abstract theories, but with the concrete
facts of conduct. Here again those who attack interest fall into the
same error. For example, in answer to arguments used by me when speaking
in America, one socialistic critic eagerly following another called my
attention by name to persons notoriously wealthy, some of whom had never
engaged in active business at all, while others had ceased to do so for
many years; and demanded of me whether I contended that idlers such as
these are doing anything whatever to produce the incomes which they are
now enjoying. If they are, said the critics, let this wonderful fact be
demonstrated. If they are not, then it must stand to reason that the
community will gain, and cannot possibly suffer, by gradually taking the
incomes of these persons away from them, and rendering it impossible
that incomes of a similar kind shall in the future be ever enjoyed by
anybody.
The general nature of the error involved in this class of argument can
be shown by a very simple illustration. In many countries the
government year by year makes a large sum by state lotteries. This may
be a vicious procedure, but let us assume for the moment that it is
legitimate, and that everybody is interested in its perpetuation. The
largest of the prizes drawn in such lotteries is considerable--often
amounting to more than twenty thousand pounds. Now, as soon as the
drawing on any one occasion had been accomplished, it might be argued
with perfect truth, in respect of that occasion only, that, the man who
had won such fortune having done nothing to produce it, the community
would be so much richer if the government, having paid the money to him,
were to take it all back again by a special tax on winnings. This would
be true with respect to that one occasion; but if any government were to
follow such a procedure systematically, no one would ever buy a lottery
ticket again, and the whole lottery system would thenceforth come to an
end.
Public-domain text, read in full here on John Shaqi.
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