Labour and the Popular WelfareMallock, W. H. (William Hurrell)
General
Labour and the Popular Welfare
Mallock, W. H. (William Hurrell)
Labor; Labor movement; Socialism; Working class
◆¹ The second point I alluded to must be considered at greater length.
In dealing with Capital and Ability, I first treated them separately. I
then showed that, regarded as a productive agent, Capital _is_ Ability,
and must be treated as identical with it. But it is necessary, now that
we are dealing with distribution, to disunite them for a moment, and
treat them separately once more. ◆² For even though it be admitted that
Ability, working by means of Capital, produces, as it has been shown to
do, nearly two-thirds of the national income, and though it be admitted
further that a large portion of this product should go to those able
men who are actively engaged in producing it,—the men whose Ability
animates and vivifies Capital,—it may yet be urged that a portion of it
which is very large indeed goes, as a fact, to men who do not exert
themselves at all, or who, at any rate, do not exert themselves in
the production of wealth. These men, it will be said, live not on the
products of Ability, but on the interest of Capital which they have
come accidentally to possess; ◆³ and it will be asked on what grounds
Labour is interested in forbearing to touch the possessions of those
who produce nothing? If it has added to its income, as it has done,
during the past hundred years, why should it not now add to it much
more rapidly, by appropriating what goes to this wholly non-productive
class?
To this question there are several answers. One is that a leisured
class—a class whose exertions have no commercial value, or no
value commensurate with the cost of its maintenance—is essential
to the development of culture, of knowledge, of art, and of mental
civilisation generally. But this is an answer which we need not dwell
on here; for, whatever its force, it is foreign to our present purpose.
We will confine ourselves solely to the material interests that are
involved, and consider solely how the plunder of a class living on
the interest of Capital would tend to affect the actual production of
wealth.
It would affect the production of wealth in just the same way as would
a similar treatment of that class on whose active Ability production is
directly dependent; and it would do this for the following reasons.
[Sidenote ◆1 They are the heirs of Ability, and represent, by
their possession of Capital, the main object with which
that Capital was originally created.]
[Sidenote ◆2 For Capital is created and saved in order that it may
yield interest, firstly, to the man who himself created
and saved it;]
Public-domain text, read in full here on John Shaqi.
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