To an unprejudiced mind it is clear, that a fact of actual life,
such as this, must, in a healthy society, find due expression in
its social institutions. So long as there is simply an interchange
of commodities for commodities in economic life, the value of these
commodities is determined independently of the relations-of-right
existing between individuals or groups. Directly commodities are
interchanged for rights, the "rights relation" is itself affected. It
is not a question of the exchange in itself; such an exchange is the
inevitable life-element of the modern social organism, resting as it
does on division of labour. The point is, that through this interchange
of rights and commodities, "right" itself is turned into a commodity,
when the source of "right" lies within the economic life. The only way
of preventing this, is by having two sets of institutions in the body
social,--one, whose sole and only object it is to conduct commodities
in the most expedient manner along its circuit, the other regulating
those human rights involved in commodity-exchange which arise between
the individuals engaged in producing, trading and consuming. Such
rights are not distinct in their nature from any other rights that
necessarily exist in all relations between persons, quite independent
of commodity-exchange. If I injure or benefit my fellow-man by the
sale of a commodity, it falls within the same social category as
an injury or benefit due to some action or negligence not directly
expressed in an exchange of commodities.
Public-domain text, read in full here on John Shaqi.
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