Now supposing all but two of these thousand families to be impoverished
by having to pay rents and interest to these two men. Supposing they
were all reduced to just under £500 a year, and that the balance of
£500,000 were paid to those other two. Then each of these would have
£250,000 a year. The Van Dyck is put up for auction in this community.
The poor families, of course, have no show at all. Not one of them can
afford more than £50 at the most, however much he wanted the Van Dyck.
But the two rich men can compete one against the other recklessly. They
have an enormous margin of wealth with which to do what they like, and
the Van Dyck between them may be rushed up to £50,000.
There is not a penny more of real wealth in the community than there
was before. Yet your Government assessor would come down and assess the
community in a very different fashion from the way in which he would
have assessed the first community. He will put down the total income at
£1,000,000, and the houses, furniture, etc., at so much, and he will
add: “Also a Van Dyck valued at £50,000.” Of course in real life, where
are great differences of income, this sort of thing is multiplied by
the thousand. It is another example of the way in which, as communities
get more complicated in a high civilisation, economic imaginaries
appear.
I am only introducing this subject as a very simple addition to this
little book, and I will not multiply instances too much, though one
might go on giving examples almost indefinitely.
Here, then, is a last one (4): _economic imaginaries due to the
confusion between services and economic values attached to material
things_.
We saw at the beginning of this book that wealth did not consist in
_things_, such as coal, chairs, tables, etc., but in the _economic
values attached to those things_; that is, their added use for the
purposes of human beings up to the point where they were beginning to
be consumed. We saw how the coal in the earth has no economic value,
how it begins to be of value when it begins to be mined, and how each
piece of additional labour put into it to bring it nearer to the point
of consumption adds to its economic value, until at last, when it gets
into your cellar, from being worth nothing a ton (when it was still in
the earth) it is worth thirty shillings or forty shillings a ton.
But when people assess wealth for the purpose of taxation, and in order
to find what (in their judgment) the total yearly income of a nation
is, they count not only the economic values attached to things consumed
by the nation, but also _services_.
Public-domain text, read in full here on John Shaqi.
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