Capitalism; Imperialism; Saving and investment; Socialism
'After working from 14 to 16 hours a day, we only earn from 4_s._ to
7_s._ a week, to maintain our wives and families upon; and we farther
state, that although we have substituted bread and water, or potatoes
and salt, for that more wholesome food an Englishman's table used to
abound with, we have repeatedly retired, after a heavy day's labour, and
have been under the necessity of putting our children supperless to bed,
to stifle the cries of hunger. We can most solemnly declare, that for
the last eighteen months we have scarcely known what it was to be free
from the pangs of hunger.'[148]
Then Owen in England, and Sismondi in France, almost simultaneously
raised their voices in a weighty indictment of capitalist society. Owen,
as a hard-headed Englishman and citizen of the leading industrial state,
constituted himself spokesman for a generous social reform, whereas the
petty-bourgeois Swiss rather lost himself in sweeping denunciations of
the imperfections of the existing social order and of classical
economics. And yet, by so doing, Sismondi gave bourgeois economics a
much harder nut to crack than Owen, whose fertile practical activities
were directly applied to the proletariat.
Sismondi explained in some detail that the impetus for his social
criticism came from England, and especially her first crisis. In the
second edition of his _Nouveaux Principes d'Économie Politique Ou De La
Richesse Dans Ses Rapports Avec La Population_,[149] eight years after
the publication of the first edition in 1819, he writes as follows:
Public-domain text, read in full here on John Shaqi.
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