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
I have already pointed out the fallacy, concealed by an erroneous
definition, which underlies the proposition that because food, raiment
and shelter are necessary to productive labor, therefore industry
is limited by capital. To say that a man must have his breakfast
before going to work is not to say that he cannot go to work unless a
capitalist furnishes him with a breakfast, for his breakfast may, and
in point of fact in any country where there is not actual famine will,
come not from wealth set apart for the assistance of production, but
from wealth set apart for subsistence. And, as has been previously
shown, food, clothing, etc.—in short, all articles of wealth—are only
capital so long as they remain in the possession of those who propose,
not to consume, but to exchange them for other commodities or for
productive services, and cease to be capital when they pass into the
possession of those who will consume them; for in that transaction
they pass from the stock of wealth held for the purpose of procuring
other wealth, and pass into the stock of wealth held for purposes of
gratification, irrespective of whether their consumption will aid in
the production of wealth or not. Unless this distinction is preserved
it is impossible to draw the line between the wealth that is capital
and the wealth that is not capital, even by remitting the distinction
to the “mind of the possessor,” as does John Stuart Mill. For men do
not eat or abstain, wear clothes or go naked, as they propose to engage
in productive labor or not. They eat because they are hungry, and wear
clothes because they would be uncomfortable without them. Take the
food on the breakfast table of a laborer who will work or not that day
as he gets the opportunity. If the distinction between capital and
non-capital be the support of productive labor, is this food capital or
not? It is as impossible for the laborer himself as for any philosopher
of the Ricardo-Mill school to tell. Nor yet can it be told when it gets
into his stomach; nor, supposing that he does not get work at first,
but continues the search, can it be told until it has passed into the
blood and tissues. Yet the man will eat his breakfast all the same.
Public-domain text, read in full here on John Shaqi.
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