It is obviously to the advantage of everybody that those who are capable
of benefiting society should be encouraged to do so by giving them all
the reward possible, by patents, copyright, and the laws of property
generally. To prevent or discourage a clever man in doing the best work
he can, is certainly no benefit to other men. It tends to level all down
to a low standard, and to retard progress altogether. Every man, on the
contrary, who is incited to work, and study, and invent to the utmost of
his powers, not only earns welfare for himself, but confers welfare upon
other people. He shows how wealth may be created abundantly, and how
toil may be lessened. What is true of great ability and great inventions
is true, also, of the smallest differences of power or the slightest
improvements. If one bricklayer's labourer can carry up more bricks than
another, why should he be prevented from doing it? The ability is his
property, and it is for the benefit of all that he should be allowed to
use it. If he finds a better way of carrying bricks, of course it should
be adopted in preference to worse ways. The purpose of carrying bricks
is to get them carried and benefit those who want houses. Everything
which makes it difficult and expensive to build houses, causes people to
be lodged worse than they otherwise would be. We can only get things
made well and cheaply if every man does his best, and is incited to do
so by gaining the reward of his excellence.
Every man then should not only be allowed, but should be encouraged to
do and to earn all that he can; we must then allow the greatest
inequalities of wealth; for a man who has once begun to grow rich,
acquires capital, and experience, and means which enable him to earn
more and more. Moreover, it is altogether false to suppose that, as a
general rule, he does this by taking wealth from other people. On the
contrary, by accumulating capital, by building, mills, warehouses,
railways, docks, and by skilfully organising trades, he often enables
thousands of men to produce wealth, and to earn wages to an extent
before impossible. The profits of a capitalist are usually but a small
fraction of what he pays in wages, and he cannot become rich without
assisting many workmen to increase the value of their labour and to earn
a comfortable subsistence.
CHAPTER IX.
CO-OPERATION, &c.
#58. Arbitration.# We have now considered at some length the evils
arising from the present separation of interests between the employed
and their employers. The next thing is to discuss the various attempts
which have been made to remedy these evils, and to bring labour and
capital into harmony with each other. In the first place, many people
think that when any dispute takes place, arbitrators or judges should be
appointed to hear all that can be said on both sides of the question,
and then decide what the rate of wages is to be for some time to come.
Public-domain text, read in full here on John Shaqi.
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