The landlord justifies himself by saying that the land is _his_, and
that he has a right to charge for it the highest rent he can get.
The capitalist justifies himself by saying that the capital is _his_,
and that he has a right to charge for it the highest rate of interest he
can get.
Both claim that it is better for the nation that the land and the
capital should remain in their hands; both tell us that the nation will
go headlong to ruin if we try to dispense with their valuable services.
I am not going to denounce either landlord or capitalist as a tyrant, a
usurer, or a robber. Landlords and capitalists may be, and very often
are, upright and well-meaning men. As such let us respect them.
Neither shall I enter into a long argument as to whether it is right or
wrong to charge interest on money lent or capital let, or as to whether
it is right or wrong to "buy in the cheapest market and sell in the
dearest."
The non-Socialist will claim that as the capital belongs to the
capitalist he has a right to ask what interest he pleases for its use,
and that he has also a perfect right to get as much for the goods he
sells as the buyer will give, and to pay as little wages as the workers
will accept.
Let us concede all that, and save talk.
But those claims being granted to the capitalist, the counter-claims of
the worker and the buyer--the producer and the consumer--must be
recognised as equally valid.
If the capitalist is justified in paying the lowest wages the worker
will take, the worker is justified in paying the lowest interest the
capitalist will take.
If the seller is justified in asking the highest price for goods, the
buyer is justified in offering the lowest.
If a capitalist manager is justified in demanding a big salary for his
services of management, the worker and the consumer are justified in
getting another capitalist or another manager at a lower price, if they
can.
Surely that is just and reasonable. And that is what Socialists advise.
A capitalist owns a large factory and manages it. He pays his spinners
fifteen shillings a week; he sells his goods to the public at the best
price he can get; and he makes an income of L10,000 a year. He makes
his money fairly and lawfully.
But if the workers and the users of yarn can find their own capital,
build their own factory, and spin their own yarn, they have a perfect
right to set up on their own account.
And if by so doing they can pay the workers better wages, sell the yarn
to the public at a lower price, and have a profit left to build other
factories with, no one can accuse them of doing wrong, nor can anyone
deny that the workers and the users have proved that they, the producers
and consumers, have done better without the capitalist (or middleman)
than with him.
Public-domain text, read in full here on John Shaqi.
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