Collectivism; Economic history; Great Britain -- Economic policy; Industrial policy; Social history; Socialism
Under the essential conditions of Capitalism--under a perfect political
freedom--such conspiracies would be punished by the Courts for what they
are: to wit, a contravention of the fundamental doctrine of political
liberty. For this doctrine, while it gives any man the right to make any
contract he chooses with any labourer and offer the produce at such prices
as he sees fit, also involves the protection of that liberty by the
punishment of any conspiracy that may have monopoly for its object. If such
perfect freedom is no longer attempted, if monopolies are permitted and
fostered, it is because the unnatural strain to which freedom, coupled with
restricted ownership, gives rise, the insecurity of its mere competition,
the anarchy of its productive methods have at last proved intolerable.
I have already delayed more than was necessary in this section upon the
causes which render a Capitalist State essentially unstable.
I might have treated the matter empirically, taking for granted the
observation which all my readers must have made, that Capitalism is as a
fact doomed, and that the Capitalist State has already passed into its
first phase of transition.
We are clearly no longer possessed of that absolutely political freedom
which true Capitalism essentially demands. The insecurity involved, coupled
with the divorce between our traditional morals and the facts of society,
have already introduced such novel features as the permission of conspiracy
among both possessors and non-possessors, the compulsory provision of
security through State action, and all these reforms, implicit or explicit,
the tendency of which I am about to examine.
Section Six
The Stable Solutions of This Instability
Given a capitalist state, of its nature unstable, it will tend to reach
stability by some method or another.
It is the definition of unstable equilibrium that a body in unstable
equilibrium is seeking a stable equilibrium. For instance, a pyramid
balanced upon its apex is in unstable equilibrium; which simply means that
a slight force one way or the other will make it fall into a position where
it will repose. Similarly, certain chemical mixtures are said to be in
unstable equilibrium when their constituent parts have such affinity one
for another that a slight shock may make them combine and transform the
chemical arrangement of the whole. Of this sort are explosives.
If the Capitalist State is in unstable equilibrium, this only means that it
is seeking a stable equilibrium, and that Capitalism cannot but be
transformed into some other arrangement wherein Society may repose.
There are but three social arrangements which can replace Capitalism:
Slavery, Socialism, and Property.
I may imagine a mixture of any two of these three or of all the three, but
each is a dominant type, and from the very nature of the problem no fourth
arrangement can be devised.
Public-domain text, read in full here on John Shaqi.
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