"That was precisely so," replied the girl; "the individual capitalist
grew rich fastest who succeeded best in beggaring those whose labor or
produce he bought; but obviously it was only necessary for enough
capitalists to succeed in so doing in order to involve capitalists and
people alike in general ruin. To make the sharpest possible bargain with
the employer or producer, to give him the least possible return for his
labor or product, was the ideal every capitalist must constantly keep
before him, and yet it was mathematically certain that every such sharp
bargain tended to undermine the whole business fabric, and that it was
only necessary that enough capitalists should succeed in making enough
such sharp bargains to topple the fabric over."
"One question more. The bad effects of a bad system are always aggravated
by the willfulness of men who take advantage of it, and so, no doubt, the
profit system was made by selfish men to work worse than it might have
done. Now, suppose the capitalists had all been fair-minded men and not
extortioners, and had made their charges for their services as small as
was consistent with reasonable gains and self-protection, would that
course have involved such a reduction of profit charges as would have
greatly helped the people to consume their products and thus to promote
production?"
"It would not," replied the girl. "The antagonism of the profit system to
effective wealth production arose from causes inherent in and inseparable
from private capitalism; and so long as private capitalism was retained,
those causes must have made the profit system inconsistent with any
economic improvement in the condition of the people, even if the
capitalists had been, angels. The root of the evil was not moral, but
strictly economic."
"But would not the rate of profits have been much reduced in the case
supposed?"
"In some instances temporarily no doubt, but not generally, and in no
case permanently. It is doubtful if profits, on the whole, were higher
than they had to be to encourage capitalists to undertake production and
trade."
"Tell us why the profits had to be so large for this purpose."
Public-domain text, read in full here on John Shaqi.
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