What is to be expected from such ruin to credit and capital but the
immediate stoppage of employment, and throwing of millions out of
bread? Even if the whole land in the country were seized and divided,
it would afford no general relief--it would only shift the suffering
from one class to another. What, under such a system, would become of
the millions who now exist on the surplus expenditure of the wealthy?
They would all be ruined--England would be overrun by a host of
starving cultivators like France or Ireland. A plunge down to
household suffrage would soon effect the work of destruction, by
reducing us all in a few years to the condition of Irish bog-trotters.
It is no security against these dangers to say that the working class,
if they get the majority, will take care of themselves, and eschew
whatever is hurtful to their interests. Men do not know what is to
prove ultimately injurious in public, any more than they perceive, in
most cases, what is to be for their final interest in private life.
The bourgeoisie got the command of the country in France by the
Revolution of 1830, but have they benefited by the change? Let the
enormous expenditure of Louis Philippe's government, and the present
disastrous state of commerce in France, give the answer. The workmen
of Paris got the entire command of the government by the Revolution of
1848, and already 85,000 of them are kept alive, only working at the
"Ateliers Nationaux," while 200,000 are lounging about, eating up the
country with bayonets in their hands. The middle classes got the
command of Great Britain by the Reform Act, and their representatives
set about free-trade and restricted currency measures, which have
spread distress and bankruptcy to an unparalleled extent among
themselves. The Reform Bill, by establishing these measures, has
destroyed a fourth of the realised capital of Great Britain.[8]
Household or universal suffrage would at once sweep away _a half_ of
what remains, as it has recently done in France. And in what condition
would the 30,000,000 inhabitants of the British empire be if
_three-fourths_ of the capital--in other words, three-fourths of the
means of employing labour, or purchasing its fruits--were destroyed?
We should have Skibbereens in every village of Great Britain, and
grass growing in half of London.
[8] This is within the mark. It, has lowered the funds from 100 to 80,
or a fifth; railway stock on an average a third; West India property
nine-tenths; and mercantile stock, in most cases, nearly a half.
Public-domain text, read in full here on John Shaqi.
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