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
With regard to both of these questions it should be distinctly
understood that absolute accuracy is impossible; and I have given the
statistics in round numbers only. But, for the purpose for which the
figures are quoted, approximate accuracy is as useful as absolute
accuracy, even were the latter attainable; and every attempt to correct
the figures as given in this volume has only served to show how
substantially accurate these figures are, and how totally unaffected
would be the argument, even were any of the suggested corrections
accepted.
The landed rental of the country is given by me as something under
_a hundred million pounds_. It has been asserted that were the
ground-rents in towns properly estimated, the true rental would be
found to be _a hundred and fifty million pounds_ or _a hundred and
eighty million pounds_. It is no doubt difficult to differentiate in
town properties the total rental from the ground rental; but the most
recent investigations made into this question, so far as it affects
London, will throw light on the question as a whole. The highest
estimate of the present ground-rental of London as related to the total
rental gives the proportion of the former to the latter as _fifteen_
to _forty_. Now house rent in London is higher than in any other town
in the kingdom; therefore, if we assume the same proportion to obtain
in all other towns, we shall be over-estimating the ground-rent of the
country as a whole, instead of underestimating it. If we take this
extreme calculation—which is obviously too great—it will be found to
yield a result as to the total landed rental exceeding only by ten per
cent that given in this volume. It will therefore be easily seen that
the figures given by me are substantially accurate, and sufficiently
accurate for all purposes of political and social argument.
Precisely the same thing is to be said with regard to the figures given
as to the growth of the national income and the capitalised value of
the country. The estimates of various statisticians will be found to
differ from one another by something like ten per cent; but these
differences do not in the least affect the essential character and
meaning of the great facts in question. Let us take, for instance, two
facts stated in this volume—that the capital of the country during the
past century has increased in the proportion of _two_ to _ten_; and
the income per head of the country in the proportion of _fourteen_ to
_thirty-four_ or _thirty-five_. We will suppose some critic to prove
that these proportions should be _three_ to _eleven_, or _twelve_ to
_thirty-three_. Now, large as the error thus detected might be from
some points of view, it would be absolutely immaterial to the large
and general question in connection with which the figures are quoted in
this volume.
Public-domain text, read in full here on John Shaqi.
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