Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.Knight, Charles
Philosophy
Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.
Knight, Charles
Industrial arts; Industries
The doctrine therefore amounts to this; that labour shall be exchanged
with labour, but not with the produce of labour,--or that there shall be
no exchange whatever;--for if the present labourers are to have the sole
benefit of the capital, the principle of exchange, in which both
exchangers benefit, is destroyed. There must be an end of all exchanges
when the things to be exchanged are not equally desired by both parties.
If the capitalist is to lend or give the capital to the labourer
without a profit, or without a perfect freedom which would entitle him
to withhold it if no profit could be obtained, the balance is destroyed
between capital and labour. Accumulation is then at an end; because the
security of the thing accumulated to the accumulator is at an end. The
security is at an end, because if the new labour is to have the
advantage of the old labour without compensation or exchange, the new
labour must take the old labour by force or fraud; for the new cannot
proceed without the old;--labour cannot stir without capital.
Accumulation, therefore, being at an end, labour for an object beyond
the wants of an hour is at an end. Society resolves itself into its
first elements.
Strabo, the ancient geographer, has described a tribe amongst whom the
title of the priest to the priesthood was acquired by having murdered
his predecessor; and consequently the business of the priest in
possession was not to discharge the duties of the priesthood, but to
watch sword in hand, to defend himself against the new claimant to the
office. If the principle were to be recognized, that the accumulation of
_former_ labour belongs to the _present_ labourers; and that the best
title to the accumulation is to have added nothing towards it, but only
to be willing to add,--the title of the labourers in possession would
require to be maintained by a constant encounter with new claimants; as
the priest of Strabo, who had dispossessed the previous priest, had to
dread a similar expulsion from his office, by a new violence.
The course of national misery resulting from national disorders always
begins with financial embarrassment; by the destruction of capital, or
its withdrawal from all useful works. Capital was circulated only
because it could be circulated with security. If the present capitalists
were driven away, as some reasoners would imply might easily be done,
and the labourers were left to work the tools and steam-engines--to
labour in the manufactories, and to inhabit the houses of the present
capitalists,--production could not go on an hour, unless the
appropriation of the plunder were secured to the individual plunderers.
Public-domain text, read in full here on John Shaqi.
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