Collectivism; Economic history; Great Britain -- Economic policy; Industrial policy; Social history; Socialism
Consider in what way the Industrial System developed upon Capitalist lines.
Why were a few rich men put with such ease into possession of the new
methods? Why was it normal and natural in their eyes and in that of
contemporary society that those who produced the new wealth with the new
machinery should be proletarian and dispossessed? Simply because the
England upon which the new discoveries had come was _already_ an England
owned as to its soil and accumulations of wealth by a small minority: it
was _already_ an England in which perhaps half of the whole population was
proletarian, and a medium for exploitation ready to hand.
When any one of the new industries was launched it had to be _capitalised_;
that is, accumulated wealth from some source or other had to be found which
would support labour in the process of production until that process should
be complete. Someone must find the corn and the meat and the housing and
the clothing by which should be supported, between the extraction of the
raw material and the moment when the consumption of the finished article
could begin, the human agents which dealt with that raw material and turned
it into the finished product. Had property been well distributed, protected
by co-operative guilds fenced round and supported by custom and by the
autonomy of great artisan corporations, those accumulations of wealth,
necessary for the launching of each new method of production and for each
new perfection of it, would have been discovered in the mass of small
owners. _Their_ corporations, _their_ little parcels of wealth combined
would have furnished the _capitalisation_ required for the new processes,
and men already owners would, as one invention succeeded another, have
increased the total wealth of the community without disturbing the balance
of distribution. There is no conceivable link in reason or in experience
which binds the capitalisation of a new process with the idea of a few
employing owners and a mass of employed non-owners working at a wage. Such
great discoveries coming in a society like that of the thirteenth century
would have blest and enriched mankind. Coming upon the diseased moral
conditions of the eighteenth century in this country, they proved a curse.
Public-domain text, read in full here on John Shaqi.
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