Cannibals all! or, Slaves without mastersFitzhugh, George
General
Cannibals all! or, Slaves without masters
Fitzhugh, George
Slave labor; Slavery -- Justification; Slavery -- United States; Working class
Forced, on the one hand, by the impossibility, existing in the nature of
things, of ascertaining and measuring positive values, or of
determining, in other words, what a thing _is really worth_, and
rendered partially conscious by the obvious hardship and injustice of
every unusual or extreme application of the principle that it is either
no rule or a bad one, and not guided by the knowledge of any true
principle out of the labyrinth of conflicting rights into which the
false principle conducts, the world has practically abandoned the
attempt to combine Equity with Commerce, and lowered its standard of
morality to the inverse statement of the formula, namely, that, "_A
thing is worth what it will bring_;" or, in other words, that it is
fitting and proper to take for a thing when sold whatever can be got for
it. This, then, is what is denominated the Market Value of an article,
as distinguished from its actual value. Without being more equitable as
a measure of price, it certainly has a great practical advantage over
the more decent theoretical statement, in the fact that it _is_ possible
to ascertain by experiment how much you can force people, through their
necessities, to give. The principle, in this form, measures the price by
the degree of _want_ on the part of the purchaser, that is, by what he
supposes will prove to be the value or benefit to him of the commodity
purchased, in comparison with that of the one with which he parts in the
transaction. Hence it becomes immediately and continually the interest
of the seller to place the purchaser in a condition of as much want as
possible; "to corner" him, as the phrase is in Wall street, and force
him to buy at the dearest rate. If he is unable to increase his actual
necessity, he resorts to every means of creating an imaginary want by
false praises bestowed upon the qualities and uses of his goods. Hence
the usages of forestalling the market, of confusing the public knowledge
of Supply and Demand, of advertising and puffing worthless commodities,
and the like, which constitute the existing commercial system--a system
which, in our age, is ripening into putrefaction, and coming to offend
the nostrils of good taste no less than the innate sense of right,
which, dreadfully vitiating as it is, it has failed wholly to
extinguish.
Public-domain text, read in full here on John Shaqi.
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