System of Economical Contradictions; Or, The Philosophy of MiseryProudhon, P.-J. (Pierre-Joseph)
Philosophy
System of Economical Contradictions; Or, The Philosophy of Misery
Proudhon, P.-J. (Pierre-Joseph)
Economics
But monopoly, confounding the idea of capital, which is
attributable only to the creations of human industry, with that
of the exploitable material which nature has given us, and which
belongs to all, and favored moreover in its usurpation by the
anarchical condition of a society in which possession can exist
only on condition of being exclusive, sovereign, and
perpetual,--monopoly has imagined and laid it down as a principle
that capital, like land, animals, and plants, had in itself an
activity of its own, which relieved the capitalist of the
necessity of contributing anything else to exchange and of taking
any part in the labors of the workshop. From this false idea of
monopoly has come the Greek name of usury, tokos, as much as to
say the child or the increase of capital, which caused Aristotle
to perpetrate this witticism: COINS BEGET NO CHILDREN. But the
metaphor of the usurers has prevailed over the joke of the
Stagyrite; usury, like rent, of which it is an imitation, has
been declared a perpetual right; and only very lately, by a
half-return to the principle, has it reproduced the idea of
REDEMPTION.
Such is the meaning of the enigma which has caused so many
scandals among theologians and legists, and regarding which the
Christian Church has blundered twice,--first, in condemning every
sort of interest, and, second, in taking the side of the
economists and thus contradicting its old maxims. Usury, or the
right of increase, is at once the expression and the condemnation
of monopoly; it is the spoliation of labor by organized and
legalized capital; of all the economic subversions it is
that which most loudly accuses the old society, and whose
scandalous persistence would justify an unceremonious and
uncompensated dispossession of the entire capitalistic class.
Finally, monopoly, by a sort of instinct of self-preservation,
has perverted even the idea of association, as something that
might infringe upon it, or, to speak more accurately, has not
permitted its birth.
Who could hope today to define what association among men should
be? The law distinguishes two species and four varieties of
civil societies, and as many commercial societies, from the
simple partnership to the joint-stock company. I have read the
most respectable commentaries that have been written upon all
these forms of association, and I declare that I have found in
them but one application of the routine practices of monopoly
between two or more partners who unite their capital and their
efforts against everything that produces and consumes, that
invents and exchanges, that lives and dies. The sine qua non of
all these societies is capital, whose presence alone constitutes
them and gives them a basis; their object is monopoly,--that is,
the exclusion of all other laborers and capitalists, and
consequently the negation of social universality so far as
persons are concerned.
Public-domain text, read in full here on John Shaqi.
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