If, on the contrary, the interest of capital is natural, lawful,
consistent with the general good, as favorable to the borrower as to
the lender, the economists who deny it, the tribunes who traffic in this
pretended social wound, are leading the workmen into a senseless and
unjust struggle, which can have no other issue than the misfortune of
all. In fact, they are arming labor against capital. So much the better,
if these two powers are really antagonistic; and may the struggle soon
be ended! But if they are in harmony, the struggle is the greatest evil
which can be inflicted on society. You see, then, workmen, that there is
not a more important question than this: "Is the interest of capital
lawful or not?" In the former case, you must immediately renounce the
struggle to which you are being urged; in the second, you must carry it
on bravely, and to the end.
Productiveness of capital--perpetuity of interest. These are difficult
questions. I must endeavor to make myself clear. And for that purpose I
shall have recourse to example rather than to demonstration; or rather,
I shall place the demonstration in the example. I begin by
acknowledging, that, at first sight, it may appear strange that capital
should pretend to a remuneration; and, above all, to a perpetual
remuneration. You will say, "Here are two men. One of them works from
morning till night, from one year's end to another; and if he consumes
all which he has gained, even by superior energy, he remains poor. When
Christmas comes, he is no forwarder than he was at the beginning of the
year, and has no other prospect but to begin again. The other man does
nothing, either with his hands or his head; or, at least, if he makes
use of them at all, it is only for his own pleasure; it is allowable for
him to do nothing, for he has an income. He does not work, yet he lives
well; he has everything in abundance, delicate dishes, sumptuous
furniture, elegant equipages; nay, he even consumes, daily, things which
the workers have been obliged to produce by the sweat of their brow; for
these things do not make themselves; and, as far as he is concerned, he
has had no hand in their production. It is the workmen who have caused
this corn to grow, polished this furniture, woven these carpets; it is
our wives and daughters who have spun, cut out, sewed, and embroidered
these stuffs. We work, then, for him and ourselves; for him first, and
then for ourselves, if there is anything left. But here is something
more striking still. If the former of these two men, the worker,
consumes within the year any profit which may have been left him in that
year, he is always at the point from which he started, and his destiny
condemns him to move incessantly in a perpetual circle, and a monotony
of exertion. Labor, then, is rewarded only once. But if the other, the
'gentleman,' consumes his yearly income in the year, he has, the year
after, in those which follow, and through all eternity, an income
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