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Chapter 3 - Progress and
Poverty -
From Poverty by James Platt
P60 POVERTY.
but a waste of capital." Such illustrations
appear to me quite outside the subject, which is the real function
of capital and its value to labour, to civilized countries; not
whether Robinson Crusoe could do without it, but whether Great Britain,
France, the United States, Germany, Russia, Austria, &c., could
continue as they are without the capital they possess, or make progress,
unless that capital be wisely used, so as to cause an increase of
capital for the supply of future needs.
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We are then told that "so long as all the increased
wealth which modern progress brings, goes but to build up great
fortunes, to increase luxury, and make sharper the contrast
between the House of Have and the House of Want, progress is
not real, and cannot be permanent." A perfectly justifiable
conclusion, if the statement was true; but all statistics prove
that the poorer classes, at least those that will or can work,
are paid a larger share than formerly for their share in what
is produced, and wages generally are more uniform. To any one
who has lived half a century, statistics are not necessary;
the position of the working class then and now are so very different.
Mr. George asks, "Why, in spite of increase in productive power,
do wages tend to a minimum which will gain but a bare living
? " In reply, I should advise Mr. George to study the law of
" supply and demand "-a law he has chosen to ignore, although
it is the foundation-stone upon which political economy is built.
It surprises Mr. George that the "labour-saving inventions of
our age have not lightened the toil and improved the condition
of the labourer." They have done so, fully in proportion to
what labour deserves. Mr. George must be aware that many of
these "labour-saving machines " had to be introduced because
of the difficulty employers had to get their men to work regularly;
and it seems natural and equitable that the skilled brain that
invents and directs, and the capita that invests in productive
machinery, should get the greater benefit from a "producing
power" that makes them to a certain extent independent of labour.
As a matter of fact, machinery, if it has not lessened, certainly
has not increased
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