Progress and Poverty, Volumes I and II: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of WealthGeorge, Henry
General
Progress and Poverty, Volumes I and II: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth
George, Henry
Economics; Single tax
But I think the discussion in the previous chapter will enable any
one to see wherein lies the fallacy of this reasoning—a fallacy
which has entangled some of the most acute minds in a web of their
own spinning. It is in the use of the term capital in two senses. In
the primary proposition that capital is necessary to the exertion of
productive labor, the term “capital” is understood as including all
food, clothing, shelter, etc.; whereas, in the deductions finally
drawn from it, the term is used in its common and legitimate meaning
of wealth devoted, not to the immediate gratification of desire, but
to the procurement of more wealth—of wealth in the hands of employers
as distinguished from laborers. The conclusion is no more valid than
it would be from the acceptance of the proposition that a laborer
cannot go to work without his breakfast and some clothes, to infer
that no more laborers can go to work than employers first furnish
with breakfasts and clothes. Now, the fact is that laborers generally
furnish their own breakfasts and the clothes in which they go to work;
and the further fact is that capital (in the sense in which the word
is used in distinction to labor) in exceptional cases sometimes may,
but is never compelled to make advances to labor before the work
begins. Of all the vast number of unemployed laborers in the civilized
world to-day, there is probably not a single one willing to work who
could not be employed without any advance of wages. A great proportion
would doubtless gladly go to work on terms which did not require the
payment of wages before the end of a month; it is doubtful if there are
enough to be called a class who would not go to work and wait for their
wages until the end of the week, as most laborers habitually do; while
there are certainly none who would not wait for their wages until the
end of the day, or if you please, until the next meal hour. The precise
time of the payment of wages is immaterial; the essential point—the
point I lay stress on—is that it is _after_ the performance of work.
Public-domain text, read in full here on John Shaqi.
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