'Exactly!' said David, who here joined in the conversation. 'Only the
undertakers are by no means inclined to apply, in any considerable degree,
the surplus derived from increased production to an additional consumption
of luxuries; but they capitalise most of it--that is, invest it in
implements of production. Nay, in some circumstances--as we heard
yesterday--the "undertaker" is no man at all possessing human wants, but a
mere dummy that consumes nothing and capitalises everything.'
'So much the better,' I said, 'wealth will increase all the more rapidly;
for rapidly growing capital means rapidly increasing production, and that
is in itself identical with rapidly increasing wealth.'
'Splendid!' cried David. 'So, because the working masses cannot increase
their consumption, and the undertakers will not correspondingly increase
theirs, and consequently there can be no increased consumption of any
commodity whatever, therefore the surplus power of production is utilised
in multiplying the means of production. That is, in other words, no one
needs more grain--so let us construct more ploughs; no one needs more
textile material--so let us set up more spinning-mills and looms! Are you
not yet able to measure the height of absurdity to which your doctrine
leads?'
I think, Louis, you, like myself, will admit that there is simply no reply
to reasoning so plain and convincing. An economic system which bars the
products of human industry and invention from the only use to which they
should finally be applied--namely, that of satisfying some human
requirement--and which is then astonished that they cannot be consumed,
narrowly escapes idiocy. But that such is the character of the system which
prevails in Europe and America must in the end become clear to everyone.
'But, in heaven's name, what becomes of the productive power among us which
thus remains unemployed?' I asked. 'We are, on the whole, as advanced in
art, science, and technical skill as you are in Freeland; I must therefore
suppose that we could become as rich, or nearly so, as you, if we could
only find a use for all our production. But we do not actually possess a
tenth of your wealth, and yet there is twice as much hard work done among
us as there is here. For though among you everyone works, and among us
there are several millions of persons of leisure who live simply upon the
toil of others, yet this is counterbalanced by the circumstance that our
working masses are kept at their toil ten hours or more daily, whilst here
an average working day is only five hours. Certainly among us there are
millions of unemployed workers; but that also is more than compensated for
by the labour of women and children, which is unknown among you. Where
then, I repeat, lies the immense difference between the utilisation of our
powers of production and of yours?'
Public-domain text, read in full here on John Shaqi.
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