Socialism: A Summary and Interpretation of Socialist PrinciplesSpargo, John
History
Socialism: A Summary and Interpretation of Socialist Principles
Spargo, John
Socialism
Thus, if we take any commodity, we shall find that it is possible to
ascertain with tolerable certainty the amount of direct labor embodied
in it, but that it is equally as impossible to ascertain the amount of
the indirect expenditure of labor power which entered into its making.
In the case of a table, for example, it may be possible to trace with
some approximation to accuracy the labor involved in felling the tree
and preparing the lumber out of which the table was made; the labor
directly spent in bringing the lumber to the factory, and the direct
labor expended in making out of the lumber a finished table; allowance
may also be made for the labor embodied in the nails, glue, stain, and
other articles used in making the table. So we have a fairly accurate
statement of the direct labor embodied in the table. But what of the
labor used to make the tools of the men who felled the trees and
prepared the lumber? What of the coal miner and the iron miner and the
tool maker? And what of the numerous and incalculable expenditures of
labor to make the railroads, the railway engines, and to provide these
with steam-power? What, also, of the machinery in the factory, and of
the factory buildings themselves, and, back of them, again, the tool
makers and the providers of raw materials? It is obvious that no human
intellect could ever unravel the tangled skein of human labor, and that
in actual exchange there can be no calculation of the respective labor
content of commodities. If the law of value holds good, it must operate
mechanically, automatically. And this it does, through the incidence of
bargaining and the law of supply and demand.
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