Socialism, Utopian and ScientificEngels, Friedrich
Philosophy
Socialism, Utopian and Scientific
Engels, Friedrich
Socialism
This rebellion of the productive forces, as they grow more and more
powerful, against their quality as capital, this stronger and stronger
command that their social character shall be recognized, forces the
capitalist class itself to treat them more and more as social
productive forces, so far as this is possible under capitalist
conditions. The period of industrial high pressure, with its unbounded
inflation of credit, not less than the crash itself, by the collapse
of great capitalist establishments, tends to bring about that form of
the socialization of great masses of means of production, which we
meet with in the different kinds of joint-stock companies. Many of
these means of production and of distribution are, from the outset, so
colossal, that, like the railroads, they exclude all other forms of
capitalistic exploitation. At a further stage of evolution this form
also becomes insufficient. The producers on a large scale in a
particular branch of industry in a particular country unite in a
"Trust," a union for the purpose of regulating production. They
determine the total amount to be produced, parcel it out among
themselves, and thus enforce the selling price fixed beforehand. But
trusts of this kind, as soon as business becomes bad, are generally
liable to break up, and, on this very account, compel a yet greater
concentration of association. The whole of the particular industry is
turned into one gigantic joint-stock company; internal competition
gives place to the internal monopoly of this one company. This has
happened in 1890 with the English _alkali_ production, which is now,
after the fusion of 48 large works, in the hands of one company,
conducted upon a single plan, and with a capital of £6,000,000.
In the trusts, freedom of competition changes into its very
opposite--into monopoly; and the production without any definite plan
of capitalistic society capitulates to the production upon a definite
plan of the invading socialistic society. Certainly this is so far
still to the benefit and advantage of the capitalists. But in this
case the exploitation is so palpable that it must break down. No
nation will put up with production conducted by trusts, with so
barefaced an exploitation of the community by a small band of
dividend-mongers.
In any case, with trusts or without, the official representative of
capitalist society--the State--will ultimately have to undertake the
direction of production.[7] This necessity for conversion into
State-property is felt first in the great institutions for intercourse
and communication--the postoffice, the telegraphs, the railways.
Public-domain text, read in full here on John Shaqi.
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