The World's Greatest Books — Volume 14 — Philosophy and Economics
Philosophy
The World's Greatest Books — Volume 14 — Philosophy and Economics
Economics; Philosophy
The effects of the remedy would be to lift the whole enormous weight of
taxation from productive industry. It would open new opportunities, for
no one would care to hold land unless to use it, and land now withheld
from use would everywhere be thrown open to improvement. The selling
price of not merely agricultural, but all land, would fall. The bonus
that wherever labour is most productive must not be paid before labour
can be exerted would disappear. Competition in the labour market would
no longer be one-sided. Rent, instead of causing inequality, would
promote equality. Labour and capital would receive the whole produce,
minus that portion taken by the state in the taxation of land values,
which, being applied to public purposes, would be equally distributed in
public benefits. The equalisation in the distribution of wealth would
react upon production, everywhere preventing waste, everywhere
increasing power.
Simplicity in the legislative and executive functions of government
would become possible. It would at the same time and in the same degree
become possible for it to realise the dream of socialism, not through
governmental repression, but because government would become the
administration of a great co-operative society, merely the agency by
which the common property was administered for the common benefit. Give
labour a free field and its full earnings, take for the benefit of the
whole community that fund which the growth of the community creates, and
want, and the fear of want, would be gone.
If the conclusions at which we have arrived are correct, they will fall
under a larger generalisation. However man may have originated, man, as
man, no matter how low in the scale of humanity, has never yet been
found destitute of the power of improvement. Everywhere and at all times
he has made some use of this power. The varying degrees in which the
faculty is used cannot be ascribed to differences in original capacity.
These are evidently connected with social development. A survey of
history shows diversities in improvement, halts, and retrogression; and
the law which will explain all these is that men tend to progress just
as they come closer together, and by co-operation with each other,
increase the mental power that may be devoted to improvement.
But just as conflict is provoked, or association develops inequality of
condition and power, this tendency to progression is lessened, checked,
and finally reversed. As society develops there arise tendencies which
check development. The process of integration, of the specialisation of
functions and powers, is accompanied by a constant liability to
inequality, and to lodge collective power and wealth in the hands of a
few, which tends to produce greater inequality, since aggression grows
on what it feeds.
The reform I have proposed accords with all that is politically,
socially, or morally desirable. It has the qualities of a true reform,
for it will make all other reforms easier.
Public-domain text, read in full here on John Shaqi.
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