Collectivism; Economic history; Great Britain -- Economic policy; Industrial policy; Social history; Socialism
The Socialist movement, the first of the three factors in this drift, is
itself made up of two kinds of men: there is (_a_) the man who regards the
public ownership of the means of production (and the consequent compulsion
of all citizens to work under the direction of the State) as the only
feasible solution of our modern social ills. There is also (_b_) the man
who loves the Collectivist ideal in itself, who does not pursue it so much
because it is a solution of modern Capitalism, as because it is an ordered
and regular form of society which appeals to him in itself. He loves to
consider the ideal of a State in which land and capital shall be held by
public officials who shall order other men about and so preserve them from
the consequences of _their_ vice, ignorance, and folly.
These types are perfectly distinct, in many respects antagonistic, and
between them they cover the whole Socialist movement.
Now imagine either of these men at issue with the existing state of
Capitalist society and attempting to transform it. Along what line of least
resistance will either be led?
* * * * *
(_a_) The first type will begin by demanding the confiscation of the means
of production from the hands of their present owners, and the vesting of
them in the State. But wait a moment. That demand is an exceedingly hard
thing to accomplish. The present owners have between them and confiscation
a stony moral barrier. It is what _most_ men would call the moral basis of
property (the instinct that property is a _right_), and what _all_ men
would admit to be at least a deeply rooted tradition. Again, they have
behind them the innumerable complexities of modern ownership.
To take a very simple case. Decree that all common lands enclosed since so
late a date as 1760 shall revert to the public. There you have a very
moderate case and a very defensible one. But conceive for a moment how many
small freeholds, what a nexus of obligation and benefit spread over
millions, what thousands of exchanges, what purchases made upon the
difficult savings of small men such a measure would wreck! It is
conceivable, for, in the moral sphere, society can do anything to society;
but it would bring crashing down with it twenty times the wealth involved
and all the secure credit of our community. In a word, the thing is, in the
conversational use of that term, impossible. So your best type of Socialist
reformer is led to an expedient which I will here only mention--as it must
be separately considered at length later on account of its fundamental
importance--the expedient of "_buying out_" the present owner.
It is enough to say in this place that the attempt to "buy out" without
confiscation is based upon an economic error. This I shall prove in its
proper place. For the moment I assume it and pass on to the rest of my
reformer's action.
He does not confiscate, then; at the most he "buys out" (or attempts to
"buy out") certain sections of the means of production.
Public-domain text, read in full here on John Shaqi.
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