What is Property? An Inquiry into the Principle of Right and of GovernmentProudhon, P.-J. (Pierre-Joseph)
Philosophy
What is Property? An Inquiry into the Principle of Right and of Government
Proudhon, P.-J. (Pierre-Joseph)
Economics; Property
Up to this point, all takes place in the natural order; there is no
premeditation, no artifice. The whole proceeding is governed by the laws
of necessity alone. Proprietors and laborers act only in obedience to
their wants. Thus, the exercise of the right of increase, the art
of robbing the producer, depends--during this first period of
civilization--upon physical violence, murder, and war.
But at this point a gigantic and complicated conspiracy is hatched
against the capitalists. The weapon of the EXPLOITERS is met by the
EXPLOITED with the instrument of commerce,--a marvellous invention,
denounced at its origin by the moralists who favored property, but
inspired without doubt by the genius of labor, by the Minerva of the
proletaires.
The principal cause of the evil lay in the accumulation and immobility
of capital of all sorts,--an immobility which prevented labor, enslaved
and subalternized by haughty idleness, from ever acquiring it. The
necessity was felt of dividing and mobilizing wealth, of rendering it
portable, of making it pass from the hands of the possessor into those
of the worker. Labor invented MONEY. Afterwards, this invention was
revived and developed by the BILL OF EXCHANGE and the BANK. For all
these things are substantially the same, and proceed from the same mind.
The first man who conceived the idea of representing a value by a shell,
a precious stone, or a certain weight of metal, was the real inventor
of the Bank. What is a piece of money, in fact? It is a bill of exchange
written upon solid and durable material, and carrying with it its own
redemption. By this means, oppressed equality was enabled to laugh at
the efforts of the proprietors, and the balance of justice was adjusted
for the first time in the tradesman's shop. The trap was cunningly set,
and accomplished its purpose so thoroughly that in idle hands money
became only dissolving wealth, a false symbol, a shadow of riches. An
excellent economist and profound philosopher was that miser who took
as his motto, "WHEN A GUINEA IS EXCHANGED, IT EVAPORATES." So it may
be said, "When real estate is converted into money, it is lost." This
explains the constant fact of history, that the nobles--the unproductive
proprietors of the soil--have every where been dispossessed by
industrial and commercial plebeians. Such was especially the case in the
formation of the Italian republics, born, during the middle ages, of
the impoverishment of the seigniors. I will not pursue the interesting
considerations which this matter suggests; I could only repeat the
testimony of historians, and present economical demonstrations in an
altered form.
Public-domain text, read in full here on John Shaqi.
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