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Chapter 7 - Socialism -
From Poverty by James Platt

P154 Socialism.

human dexterity, into an engine for accumulating wealth out of other men's labour, and for exacting more and more surplus value out of the wage-slaves whom they employ. So long as the means of production, either of raw materials or manufactured goods, are the monopoly of a class, so long must the labourers on the farm, in the mine, or in the factory, sell themselves for a bare subsistence wage. As land must in future be a national possession, so must the other means of producing and
 
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distributing wealth. By these means a healthly, independent, and thoroughly educated people will steadily grow up around us, . . . ready to organize the labour of each for the benefit of all, and determined, too, to take finally the control of the entire social and political machinery of a State in which class distinctions and class privileges shall cease to be."

We are told by Socialists that capitalists are robbers. What is a capitalist? We shall get at it if we think how we can become one. Two men are paid for their labour in money; one spends it at once, the other denies himself the present indulgence, and uses his money as seed to fertilize and increase. In time, the man who spends as he gets it, dies no better off, but the other leaves behind him wealth in houses, stock, &c. The children of the man who spends as he gets begin the race of life in the same condition as their father did, but the children of the man who saves begin the battle under very different circumstances. Some, not knowing how hard the money has been earned, spend it recklessly and die, leaving children to begin the world as badly off, or worse than their grandfather. But others continue the work so well begun, and by following the same policy of self-denial, of living within their income, of wisely and judiciously investing their capital, keep on adding thereto, and in time belong to the ranks of the wealthy. The Socialist says nothing against the man who squanders what his father has left behind, but stigmatises as a robber the man who abstains from spending, as a slave-driver the man who uses his capital in giving employment to labour. The man who eats his cake has a right thereto, but the man who saves it is a thief.

Books - Factual

Sociology

Poverty - by James Platt

© Peter Smith 2008