A history of economic doctrines : $b from the time of the physiocrats to the present dayGide, Charles
History
A history of economic doctrines : $b from the time of the physiocrats to the present day
Gide, Charles
Economics -- History
There was all the more reason, then, why all religious influences,
especially that of Christianity, should be excluded. This contempt for
religion explains why Owen found so little support in English society,
which revolted against what appeared like cynical atheism, although Owen
himself was really a deist.[518]
Economically, the doctrine of payment according to work rather than
capacity was to result in absolute equality. For why should higher
intelligence, greater vigour or capacity for taking pains entitle a man
to a greater reward if it is all a question of environment? Hence Owen’s
associations were to be communal.
We need not here detail the history of his experiments in colonisation.
It is the usual story of failure and disappointed hopes. At last Owen
himself was driven to the conclusion that his attempt to mould the
environment which was to recreate society had proved unsuccessful.
He renounced all his ambitions for building up a new social order,
and contented himself with an attempt to rid society as at present
constituted of some of the more potent evils that were sapping its
strength. And this brings us to his second essential idea, the abolition
of profit.
2. THE ABOLITION OF PROFIT
The first necessity, if the environment was ever to be changed, was to
get rid of profit. There was _the_ essential evil, the original sin.
Profit was the forbidden fruit which had compassed the downfall of man
and caused his expulsion from the Garden of Eden. Its very definition
conveyed an implication of injustice, for it was always defined as
whatever was over and above cost of production. Products ought to be sold
for what they cost; the net price is the only just price. But profit
is not merely an injustice, it is a perpetual menace. Economic crises
resulting from over-production, or rather from under-consumption,[519]
may always be traced back to an unhealthy desire for profit. The
existence of profit makes it impossible for the worker to repurchase the
product of his toil, and consequently to consume the equivalent of what
he produced. Immediately it is completed the product is snatched up by a
superior body which makes it inaccessible either to the maker or to the
men who could furnish an equivalent amount of labour or who could offer
as the price of acquiring it a value equal to that labour.
The problem is to abolish this parasitism, and the first question
that suggests itself is whether the ordinary operation of competition,
assuming it were altogether free and perfect, would be sufficient to
get rid of it. The economists declare that it would, and the Hedonistic
school makes bold to affirm that under a _régime_ of perfect competition
the rate of profit would fall to zero. But Owen believed nothing of the
kind.[520] He regarded competition and profit as inseparable, and if one
was war the other was simply the spoils of conflict.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account