But that does not prevent me from defending a brother of the East End
against a brother of the West End. Truly we should love all men. Let us,
then, begin by loving the weakest and the worst, for they have so little
love and counsel, while the rich and the good have so much.
We will not, Mr. Smith, accuse the capitalist of base conduct. But we
will say that as a money-lender his rate of interest is too high, and
that as a manager his salary is too large. And we will say that if by
combining we can, as workers, get better wages, and as buyers get
cheaper goods, we shall do well and wisely to combine. For it is to our
interest in the one case, as it is to the interest of the capitalist in
the other case, to "buy in the cheapest market and to sell in the
dearest."
So much for the capitalist; but, before we deal with the landlord, we
have to consider another very important person, and that is the
inventor, or brain-worker.
CHAPTER IV
THE BRAIN WORKER, OR INVENTOR
It has, I think, never been denied that much wealth goes to the
capitalist, but it has been claimed that the capitalist deserves all he
gets because wealth is produced by capital. And although this is as
foolish as to say that the tool does the work and not the hand that
wields it, yet books have been written to convince the people that it is
true.
Some of these books try to deceive us into supposing that capital and
ability are interchangeable terms. That is to say, that "capital," which
means "stock," is the same thing as "ability," which means cleverness or
skill. We might as well believe that a machine is the same thing as the
brain that invented it. But there is a trick in it. The trick lies in
first declaring that the bulk of the national wealth is produced by
"ability," and then confusing the word "ability" with the word
"capital."
But it is one thing to say that wealth is due to the man who _invented_
a machine, and it is quite another thing to say that wealth is due to
the man who _owns_ the machine.
In his book called _Labour and the Popular Welfare_, Mr. Mallock assures
us that ability produces more wealth than is produced by labour.
He says that two-thirds of the national wealth are due to ability and
only one-third to labour. A hundred years ago, Mr. Mallock says, the
population of this country was 10,000,000 and the wealth produced
yearly; L140,000,000, giving an average of L14 a head.
The recent production is L350,000,000 for every 10,000,000 of the
population, or L35 a head.
The argument is that _labour_ is only able to produce as much now as it
could produce a hundred years ago, for labour does not vary. Therefore,
the increase from L14 a head to L35 a head is not due to labour but to
machinery.
Now, we owe this machinery, not to labour, but to invention. Therefore
the various inventors have enabled the people to produce more than twice
as much as they produced a century back.
Public-domain text, read in full here on John Shaqi.
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