Capital, then, is stores. Now, where do the stores come from? Stores are
wealth. Stores, whether they be food or tools, come from the land, and
are made or produced by human labour.
There is not an atom of capital in the world that has not been produced
by labour.
Every spade, every plough, every hammer, every loom, every cart, barrow,
loaf, bottle, ham, haddock, pot of tea, barrel of ale, pair of boots,
gold or silver coin, railway sleeper or rail, boat, road, canal, every
kind of tools and stores has been produced by labour from the land.
It is evident, then, that if there were no labour there would be no
capital. Labour is _before_ capital, for labour _makes_ capital.
Now, what folly it is to say that capital produces wealth. Capital is
used by labour in the production of wealth, but capital itself is
incapable of motion and can produce nothing.
A spade is "capital." Is it true, then, to say that it is not the navvy
but the spade that makes the trench?
A plough is capital. Is it true to say that not the ploughman but the
plough makes the furrow?
A loom is capital. Is it true to say that the loom makes the cloth? It
is the weaver who weaves the cloth. He _uses_ the loom, and the loom was
made by the miner, the smith, the joiner, and the engineer.
There are wood and iron and brass in the loom. But you would not say
that the cloth was produced by the iron-mine and the forest! It is
produced by miners, engineers, sheep farmers, wool-combers, sailors,
spinners, weavers, and other workers. It is produced entirely by labour,
and could not be produced in any other way.
How can capital produce wealth? Take a steam plough, a patent harrow, a
sack of wheat, a bankbook, a dozen horses, enough food and clothing to
last a hundred men a year; put all that capital down in a forty-acre
field, and it will not produce a single ear of corn in fifty years
unless you send a _man_ to _labour_.
But give a boy a forked stick, a rood of soil, and a bag of seed, and he
will raise a crop for you.
If he is a smart boy, and has the run of the woods and streams, he will
also contrive to find food to live on till the crop is ready.
We find, then, that all wealth is produced _from_ the land _by_ labour,
and that capital is only a part of wealth, that it has been produced by
labour, stored by labour, and is finally used by labour in the
production of more wealth.
Our third question asks, "What becomes of the wealth?"
This is not easy to answer. But we may say that the wealth is divided
into three parts--not _equal_ parts--called Rent, Interest, and Wages.
Rent is wealth paid to the landlords for the use of the land. Interest
is wealth paid to the capitalists (the owners of tools and stores) for
the use of the "capital."
Wages is wealth paid to the workers for their labour in producing _all_
the wealth.
There are but a few landlords, but they take a large share of the
wealth.
There are but a few capitalists, but _they_ take a large share of the
wealth.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account