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Chapter 7 - Socialism -
From Poverty by James Platt

P140 Socialism.

Karl Marx was the first to assert, in his work on "Capital," published in 1869, "that the rich are growing richer and fewer, the middle class poorer and fewer, and the poor class more poorer and more numerous." A more crushing rebuke than the facts above mentioned it is impossible to conceive ; they incontestably prove, and history is in favour of the view, that the rich are growing poorer and more numerous, that the middle class are growing richer and much more numerous, and that the poor,
 
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in proportion to the other two classes, are growing at once less numerous and very much richer. To the Socialist, all the ills that flesh is heir to would vanish if we could only distribute amongst the many the heaped-up riches of the few. But let such men, and all who are inclined to listen to them, merely consult the simplest records of history, and they will find that this '`strange, new, wonderful" piece of justice has actually accomplished itself during the past thirty years. If we look back to the income of the country in 1851, and make every allowance for the subsequent growth of the population, we shall find that the entire wealth at that time belonging to the rich has since that time been virtually divided amongst the poor. We shall find that the total income of the poorer classes to-day is equal to the total income of all classes in 1851, and exceeding by a hundred millions the total income of all classes in 1843. In other words, the poorer classes to-day are, as a body, in precisely the same situation as they would have been in if, at the time of the first Exhibition, the income of every rich man then in the country had been made over to them in perpetuity? I have gone thus fully into this subject because Mr. George and his followers have declared so persistently that every increase in the income of the country goes of necessity into the pockets of the wealthy, and also because it is just as positively stated that the wealth of the landed aristocracy bears so large a proportion to the gross wealth of the nation. It is also too readily believed that the aristocracy own nearly all the land. The landed aristocracy only number about 5,000; then next we

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Sociology

Poverty - by James Platt

© Peter Smith 2008