Aristocracy & Evolution: A Study of the Rights, the Origin, and the Social Functions of the Wealthier ClassesMallock, W. H. (William Hurrell)
Science
Aristocracy & Evolution: A Study of the Rights, the Origin, and the Social Functions of the Wealthier Classes
Mallock, W. H. (William Hurrell)
Ability; Aristocracy (Social class); Social sciences
Now capital as thus employed consists of an {159} accumulation
of the necessaries and comforts of life, by the consumption and
use of which men are able to sustain themselves when engaged on
works requiring a long period for their completion, which will when
completed be useful and produce much, but which, until they are
completed, will be of no use at all, and will consequently supply
nothing to the workers when actually engaged on them. The simplest
example of work of this kind is agriculture. The first man who
saved sufficient food to support himself, whilst tilling the soil
and waiting for his crops to ripen, was the first capitalist. But
capital, when it takes the form of accumulated necessaries and
comforts, though it now reaches the workers in the form of wages
usually, need not do so of necessity. It need not do so when the
work is extremely simple and the methods employed are rude. Wherever
agriculture, for example, is in its earliest stages, every husbandman
may be his own capitalist, and start with an accumulation of food in
his own cottage which will keep him alive till his crops are ready
for sale or for consumption. In cases such as these we have capital
which, so far as its substance is concerned, is identical with
wage-capital, but is not wage-capital nevertheless. In order to turn
it into wage-capital it is necessary that these accumulations of food
shall pass out of the control of the workers—such as the husbandmen
just referred to—and be brought under the control of some other
person or persons, who will dole them out to the workers on certain
conditions only. The wage-system, in short, {160} does not represent
capital as such. It represents capital, in the form of the immediate
means of subsistence, as owned or controlled by a small number of
persons; and its efficiency as a productive agent resides in the
bargain which it enables any great man possessing it to make with
ordinary workers—a bargain, not that they shall work such and such a
number of hours (for that they would have to do were each man his own
employer), but that they shall do their work in accordance with the
great man’s directions.
Public-domain text, read in full here on John Shaqi.
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