Suppose we admit that the workshops succeed as producers; there will also be commercial workshops to put products in circulation and effect exchanges. And who then will regulate the price? Again the law? In truth, I tell you, you will need a new appearance on Mount Sinai; otherwise you will never get out of your difficulties, you, your Council of State, your chamber of representatives, or your areopagus of senators. The correctness of these reflections cannot be questioned. M. Blanc, with his organization by the State, is obliged always to end where he should have begun (so beginning, he would have been saved the trouble of writing his book),--that is, in the STUDY OF ECONOMIC SCIENCE. As his critic very well says: "M. Blanc has made the grave mistake of using political strategy in dealing with questions which are not amenable to such treatment"; he has tried to summon the government to a fulfillment of its obligations, and he has succeeded only in demonstrating more clearly than ever the incompatibility of socialism with haranguing and parliamentary democracy. His pamphlet, all enamelled with eloquent pages, does honor to his literary capacity: as for the philosophical value of the book, it would be absolutely the same if the author had confined himself to writing on each page, in large letters, this single phrase: I PROTEST. To sum up: Competition, as an economic position or phase, considered in its origin, is the necessary result of the intervention of machinery, of the establishment of the workshop, and of the theory of reduction of general costs; considered in its own significance and in its tendency, it is the mode by which collective activity manifests and exercises itself, the expression of social spontaneity, the emblem of democracy and equality, the most energetic instrument for the constitution of value, the support of association. As the essay of individual forces, it is the guarantee of their liberty, the first moment of their harmony, the form of responsibility which unites them all and makes them solidary. But competition abandoned to itself and deprived of the direction of a superior and efficacious principle is only a vague movement, an endless oscillation of industrial power, eternally tossed about between those two equally disastrous extremes,--on the one hand, corporations and patronage, to which we have seen the workshop give birth, and, on the other, monopoly, which will be discussed in the following chapter. Socialism, while protesting, and with reason, against this anarchical competition, has as yet proposed nothing satisfactory for its regulation, as is proved by the fact that we meet everywhere, in the utopias which have seen the light, the determination or socialization of value abandoned to arbitrary control, and all reforms ending, now in hierarchical corporation, now in State monopoly, or the tyranny of communism. CHAPTER VI. FOURTH PERIOD.--MONOPOLY.