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Chapter 3 - Progress and Poverty -
From Poverty by James Platt

P58 POVERTY.

stock of provisions, before they can begin to cultivate the soil ? Not at all; it will only be necessary that fish, game, berries, &c., shall be so abundant that the labour of a part of the hundred may suffice to furnish daily enough of these for the maintenance of all, and that there shall be such a sense of mutual interest, or such a correlation of desires, as shall lead those who in the present get the food to divide (exchange) with these whose efforts are directed to future recompense. What is true in these cases is true in all."

 
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Under the real functions of capital, Mr. George admits that capital increases the power of labour to produce wealth, explaining how it does so; and it would be impossible for capitalists themselves to describe more fully the value of capital to labour ; but then, in his own unique manner, he tells us that "capital does not supply the materials which labour works up into wealth, as is erroneously taught ; the materials of wealth are supplied by nature." But he does not tell us how the various materials "supplied by nature " are to be obtained from foreign countries, or our own mines and fields, without the aid of capital to build ships, extract coal, iron, &c., from the mines, or supply seed, and pay labour to plough and till the fields, and wait for the harvest to pay back again the capital that has been advanced.

Capital, again, we are told, does not limit industry, the only limit to industry being the access to natural material. But is not capital essential to get access to this natural material ; or are we able to pick up, wherever and whensoever we require it, the necessary natural material? Mr. George admits that capital may limit the form of industry, and tells us that "without the factory, there could be no factory operatives; without the sewing machine, no machine-sewing; without the plough, no ploughing; and without a great capital engaged in exchange, industry could not take the many special forms which are concerned with exchanges." Yet, spite of this admission, he states that although " capital may limit the form of industry or the productions of industry, it is not true that capital limits industry." He says, "Capital may limit the form of industry

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Poverty - by James Platt

© Peter Smith 2008