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 As I said just now, its value, expressed in money, is according to
the latest authorities about _ten thousand million pounds_.[14] As
actual money, however, forms so minute a portion of this,—the reader
will see that it is hardly more than one-fortieth,—we may, for our
present purpose, pass it entirely over; and our concern will be solely
with the things for which our millions are a mere expression.
[Sidenote ◆1 But of three classes of things: the two first
comprising things not susceptible of division;]
◆¹ It will be found that these things divide themselves into three
classes. The first consists of things which, from their very nature,
are not susceptible of any forcible division at all; the second
consists of things which are susceptible of division only by a process
of physically destroying them and pulling them into pieces; and each
of these two classes, in point of value, represents, roughly speaking,
nearly a quarter of the total. The third class alone, which represents
little more than a half, consists of things which, even theoretically,
could be divided without being destroyed.
[Sidenote ◆1 The third class comprising all those things that
could be divided without destroying them; and forming
about half of the total.]
◆¹ We will consider this third class first, which represents in the
estimates of statisticians _five thousand seven hundred million
pounds_. The principal things comprised in it are land, houses,
furniture, works of art, clothing, merchandise, provisions, and
live-stock; and such commodities in general as change hands over the
shopman’s counter, or in the market.[15] Of these items, by far the
largest is houses, which make up a quarter of the capital value of
the country, or _two thousand five hundred million pounds_. But more
than half this sum stands for houses which are much above the average
in size, and which do not form more than an eighth part of the whole;
and were they apportioned to a new class of occupants, they would lose
at least three-fourths of their present estimated value. So too with
regard to furniture and works of art, a large part of their estimated
value would, as we have seen already, disappear in distribution
likewise: and their estimated value is about a tenth of the whole we
are now considering. Land, of course, can, at all events in theory,
be divided with far greater advantage; and counts in the estimates
as _fifteen hundred million pounds_—or something under a sixth of the
whole. Merchandise, provisions, and movable goods in general can be
divided yet more readily; and so one would think could live-stock,
though this is hardly so in reality: but of the whole these three last
items form little more than a twentieth.
[Sidenote ◆1 The results of dividing these would be ridiculous.]
Public-domain text, read in full here on John Shaqi.
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