British Socialism: An Examination of Its Doctrines, Policy, Aims and Practical ProposalsBarker, J. Ellis
History
British Socialism: An Examination of Its Doctrines, Policy, Aims and Practical Proposals
Barker, J. Ellis
Socialism; Socialism -- Great Britain
The income of the exceptionally skilled artisans, who also form a very
large class, is credited on page 7 to the "classes" under the heading
"profits and salaries." They also are included among the
"monopolists," although their number has likewise been utilised (on
page 4) to swell the number of the workers. This is dishonesty number
two.
Let us now look at the result of the dishonest Fabian juggling with
figures by comparing the statement regarding the national income
contained in the Fabian pamphlet with a recent statement of Mr.
Chiozza Money, M.P., who is a Socialist, and who divides the national
income as follows:
Income of working class (33,000,000 people)
about L650,000,000
Income of middle class (all except manual
labourers and the rich--small business
men, managers, clerks, public servants,
&c., with incomes up to L700--9,750,000
people) about 475,000,000
Income of rich (with incomes L700 and
above) (1,250,000 people) about 600,000,000
--------------
Total about L1,725,000,000[140]
From the foregoing statement it appears that the rich draw not
two-thirds, but only one-third, of the national income, and this fact
should be carefully borne in mind in view of the contents of the
following pages.
The pamphlet states on page 6 that _650,000,000l._ per annum are paid
in the shape of rent and interest, "not in return for any service
rendered to the community, but merely as the payment for permission to
use the land and the already accumulated capital of the country." The
national capital is invested chiefly in perishable objects such as
houses, factories, railways, steamships, mines, &c., which depreciate
unless kept in proper repair. There is wear and tear in capital as in
everything else. Capital is lost and destroyed every day. Lastly, the
national capital is growing, and must continue growing, in accordance
with the growing capital requirements of the time and the growing
number of its inhabitants, or the country will decay. New houses, new
factories, new railways, new steamships must be built and new mines be
opened to increase the comfort of all. From _200,000,000l._ to
_300,000,000l._ are thus reinvested every year in Great Britain, and
only by this constant process of reinvestment is it possible to
maintain and increase the productive power of the country for the
benefit of all. The _200,000,000l._ to _300,000,000l._ which are
yearly reinvested in reproductive undertakings are found by the
capitalists, the trustees, directors and managers, not the consumers,
of the national industry and of the national wealth. This sum comes
out of their earnings, which thus benefit not only the capitalists but
the whole nation. Much irrelevant statistical matter is given in the
pamphlet, but this large item is left out.
Public-domain text, read in full here on John Shaqi.
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