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!aw6Qj2QiR. 04/15/12(Sun)21:49 No.2637218"When
Warren and Proudhon, in prosecuting their search for justice to labor,
came face to face with the obstacle of class monopolies, they saw that
these monopolies rested upon Authority, and concluded that the thing to
be done was, not to strengthen this Authority and thus make monopoly
universal, but to utterly uproot Authority and give full sway to the
opposite principle, Liberty, by making competition, the antithesis of
monopoly, universal. They saw in competition the great leveler of prices
to the labor cost of production. In this they agreed with the political
economists. The query then naturally presented itself why all prices do
not fall to labor cost; where there is any room for incomes acquired
otherwise than by labor; in a word, why the usurer, the receiver of
interest, rent, and profit, exists. The answer was found in the present
one-sidedness of competition. It was discovered that capital had so
manipulated legislation that unlimited competition is allowed in
supplying productive labor, thus keeping wages down to the starvation
point, or as near it as practicable; that a great deal of competition is
allowed in supplying distributive labor, or the labor of the mercantile
classes, thus keeping, not the prices of goods, but the merchants’
actual profits on them down to a point somewhat approximating equitable
wages for the merchants’ work; but that almost no competition at all is
allowed in supplying capital, upon the aid of which both productive and
distributive labor are dependent for their power of achievement, thus
keeping the rate of interest on money and of house-rent and ground-rent
at as high a point as the necessities of the people will bear." |