So long as an individual alone, or in combination with a group,
continues to carry on that productive activity which first procured
him a capital-basis to work on, so long he shall retain the right to
use accumulations of capital arising as business gains on the primary
capital where the gains are applied to the productive extension of
the business. Directly this particular personality ceases to control
the work of production, the accumulation of capital shall pass on
to another person, or group, to carry on the same kind of business,
or some other branch of productive industry useful to the whole
community. Capital also, that accrues from a productive industry but
is not used for its extension, must from the beginning go the same
way. Nothing shall count as the personal property of the individual
directing the business, except what he receives in accordance with the
claim he made when he first took over the business--claims, which he
felt able to make on the ground of his personal abilities, and which
appear justified by the fact, that he was able to impress people with
his abilities sufficiently for them to trust him with capital. If
through his personal exertions the capital has been increased, then a
portion of this increment will pass into his private ownership,--the
addition so made to his original earnings representing a percentage
on the addition to the capital. Where the original controller of an
industry is unable, or unwilling, to continue in charge, the capital
used to start it will either pass over to the new controller with all
incumbent obligations, or else will revert to the original owners,
according as these latter may decide.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account