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 And now, supposing all these divisible things to be divided, let us
see what the capital would look like which would be allotted to each
individual. Each individual would find himself possessed of a lodging
of some sort, together with clothes and furniture worth about _eight
pounds_. He would have about _eight pounds_’ worth of provisions and
miscellaneous movables, and a ring, a pin, or a brooch, worth about
_three pounds ten shillings_. He would also be the proprietor of one
acre of land, which would necessarily in many cases be miles away from
his dwelling, whilst as to stocking his acre, he would be met by the
following difficulty. He would find himself entitled to the twentieth
part of a horse, to two-thirds of a sheep, the fourth part of a cow,
and the tenth part of a pig.
[Sidenote ◆1 The second class of things, comprising the national
capital, could not be divided without destroying them.]
[Sidenote ◆2 The remaining class of things could not be divided at
all.]
◆¹ Such then would be the result to the individual of dividing the
whole of our capital that could be divided without destroying it. This
is, as we said, a little more than half of the total; and now let
us turn to the two other quarters; beginning with the things which
could be indeed divided, but which would obviously be destroyed in
the process. Their estimated value is more than _two thousand million
pounds_: half of which sum is represented by the railways and shipping
of the kingdom; _six hundred million pounds_, by gasworks and the
machinery in our factories; and the rest, by roads and streets and
public works and buildings. ◆² These, it is obvious, are not suitable
for division; and still less divisible are the things in the class that
still remains. For of their total value, which amounts to some _two
thousand five hundred million pounds_, more than _a thousand million
pounds_, according to Mr. Giffen, represent the good-will of various
professions of business; and the whole of the remainder—nearly _fifteen
hundred million pounds_—represents nothing that is in the United
Kingdom at all, but merely legal claims on the part of particular
British subjects to a share in the proceeds of enterprise in other
countries.
Public-domain text, read in full here on John Shaqi.
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