Capitalism; Imperialism; Saving and investment; Socialism
It was fortunate for mankind and the Prussian state that the workers
were 'wise' enough not to overthrow civilisation and preferred to submit
to the 'base demands' of their 'former masters'. This, then, is the
origin of the capitalist wage system, of the wages law as 'a kind of
slavery' resulting from an abuse of power on the part of the
capitalists, and from the precarious position and the meek acquiescence
on the part of the proletariat--if we are to believe the highly original
explanations of that very Rodbertus whose theories Marx is reputed to
have 'plagiarised'. Let Rodbertus claim 'priority' in this particular
theory of value without challenge, seeing that English socialists and
other social critics had already given far less crude and primitive
analyses of the wage-system. The singular point about it all is that
Rodbertus' display of moral indignation about the origin and the
economic laws of the wages system does not lead up to the demand for
doing away with this abominable injustice, the 'dualism stupid beyond
words'. Far from it! He frequently reassures his fellow-men that he does
not really mean anything very serious by roaring--he is no lion fell,
only one Snug the joiner. Indeed, an ethical theory of the wages law is
necessary only to achieve a further conclusion:
(3) Since the 'laws of exchange value' determine the wage, an advance in
labour productivity must bring about an ever declining share in the
product for the workers. Here we have arrived at the Archimedean fulcrum
of Rodbertus' system. This 'declining wage rate' is his most important
'original' discovery on which he harps from his first writings on social
problems (probably in 1839) until his death, and which he 'claims' as
his very own. This conception, for all that, was but a simple corollary
of Ricardo's theory of value and is contained implicit in the wages fund
theory which dominated bourgeois economics up to the publication of
Marx's _Capital_. Rodbertus nevertheless believed that this 'discovery'
made him a kind of Galileo in economics, and he refers to his 'declining
wage rate' as explaining every evil and contradiction in capitalist
economy. Above all, he derives from the declining wage rate the
phenomenon of pauperism which, together with the crises, in his opinion
constitutes the social question. It would be as well to draw the
attention of contemporaries, 'out for Marx's blood', to the fact that it
was not Marx but Rodbertus, a man much nearer their own heart, who set
up a whole theory of progressive poverty in a very crude form, and that
he, unlike Marx, made it the very pivot, not just a symptom, of the
entire social problem. Compare for instance his argument in his first
_Letter on Social Problems_ to v. Kirchmann on the absolute
impoverishment of the working class. The 'declining wage rate' must
serve in addition to explain the other fundamental phenomena of the
social problem--the crises. In this connection Rodbertus tackles the
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