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in our example, 305b987c477f781d17bc82b94010de41 through this averaging of the part his, is to receive in two and a half years the whole of the £550 which will be the value of the completed steam-engine at the end of five years. I must confess that I consider it absolutely impossible to base this claim on these premises. ITSQNJ How should it be according to nature, and founded on the pure idea of justice, that anyone should receive at the end of two and a half years a whole thathe will only have produced in five years? It is so 305b987c477f781d17bc82b94010de41 little "according to nature," that, on the contrary, in the nature of things it could not be done. It could not be done even if the labourer were RFEBWR released from all the shackles of the much-abused wage-contract, and put in 305b987c477f781d17bc82b94010de41 the most favourable position that can be conceived—that of undertaker in hisown right. As labourer-undertaker he will certainly receive the whole of the £550, but not beforethey are produced; that is to say, not till the 305b987c477f781d17bc82b94010de41 end of the five years. And how can that which KNXGGRX the very nature of things denies to the undertaker himself be accomplished, in the name of the pure idea of justice, through the contract of wages? Togive the matter its proper expression, what the socialists would have is, that the labourers, by meansof the 305b987c477f781d17bc82b94010de41 wage-contract, should get more than they have made; more than they could get if they were undertakers on their own account; and more than they produce for the undertaker with whom they KHF conclude the wage-contract. What they have created, and what they have just claim on, is the £550 at the end of the five HQDATE years. But the £550 at the end of two and a half years which the socialists claim for them is more; if the 305b987c477f781d17bc82b94010de41 interest stand at 5 per cent ACBIX it is about as much as TCME £620 at the end of five years. And this difference of value is not, as might be thought, a result of social institutions which have created interest and fixed it at 5 per 305b987c477f781d17bc82b94010de41 cent—institutions that might be combated. It is 305b987c477f781d17bc82b94010de41 a direct result of the fact that the life of all of us plays itself out in VTIYQ ALGBRP time; 305b987c477f781d17bc82b94010de41 that to-day with its wants and cares comes before to-morrow; and that none of us is sure of the day after to-morrow. It is not UPAEVK only the capitalist greedy of profit, it is every labourer as well, nay, every human being that makes this distinction of value between present and future. How the labourer would cry out that he 305b987c477f781d17bc82b94010de41 was defrauded if, instead of the UYKQFKV 20s. which are due him for his week's wage to-day, one were to offer him 20s. a year hence! And that which is not a matter of indifference to the 305b987c477f781d17bc82b94010de41 labourer is to be a matter of indifference to the undertaker! He is to give £550 at the end of two and a half years for the £550 which he is to receive, in IVTDAGJX the form of the completed product, only at the end of five years. That is neither just nor natural. What is just and natural is—I willingly acknowledge it again—that the labourer should receive the whole value, the £550, at the end of five years. If he cannot 305b987c477f781d17bc82b94010de41 or will not wait five years, yet he should, all the same, have the value of his product; 305b987c477f781d17bc82b94010de41 but of course the present value of his present product. This . |
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