Charles Bradlaugh: a Record of His Life and Work, Volume 2 (of 2): With an Account of his Parliamentary Struggle, Politics and Teachings. Seventh EditionRobertson, J. M. (John Mackinnon)
Religion
Charles Bradlaugh: a Record of His Life and Work, Volume 2 (of 2): With an Account of his Parliamentary Struggle, Politics and Teachings. Seventh Edition
Robertson, J. M. (John Mackinnon)
Bradlaugh, Charles, 1833-1891
There is just one criticism of Bradlaugh's politics which the present
writer will not undertake to meet, since it raises a point on which he
was driven to differ from him. It is the objection to the optimistic
assumption that the mass of the people can surmount the trouble of
chronic trade-depression by means of thrift. This was perhaps the one
touch of uncritical optimism in Bradlaugh's political system. He argued
that the workers could acquire all necessary capital for themselves
by simple saving. "You can earn it," he tells them, at the close of
his lecture on "Capital and Labour,"--"the Rothschilds' wealth, the
Overstones' wealth, the Barings' wealth--you, the millions, if you
are only loyal to yourselves and to one another, may put all this
into your own Savings Banks, and your own friendly societies, and
your own trades unions, within a dozen years. You accumulate it for
others: you can do it for yourselves." The answer to this is that the
capital in question depends for its continuance on the continuance of
industrial production, and of the demand for the product; whereas, if
the workers were to stint their consumption to the extent of saving
great masses of capital from wages, they would to that extent check
their total production, unless, that is, the other classes increase
their consumption to a balancing extent; which, however, they could not
conceivably do. Even if the birth-rate be so checked as to lessen the
nett population, the increasing power of machinery would so far balance
the lessened supply of labour that the tactic of parsimony on a large
scale would defeat itself. At present the successful savers are so in
virtue of the ill-luck of other investors and the non-saving of the
mass. Saving all round would neutralise itself, since the saving could
only be profitably invested in production to meet increasing demand,
whereas in the terms of the case there would be decreasing demand. It
is spending that keeps the machine going, not saving.
Public-domain text, read in full here on John Shaqi.
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