FREE BOOKS

Author's List




PREV.   NEXT  
|<   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142   143   144   145  
146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   >>   >|  
dlords that weighed on their shoulders as much as on those of the rest of the people. Not only do industrial capitalists pay heavy rents to landlords, but the rent paid by the wage worker also has to be paid indirectly and in part by the industrial capitalist: "The quantity of wealth that a landlord can appropriate from the capitalist class becomes larger in proportion as the general demand for land increases, in proportion as population grows, in proportion as the capitalist class needs land, _i.e._ in proportion as the capitalist system of production expands. In proportion with all this, rent rises; that is to say, the aggregate amount of wealth increases which the landlord class can slice off--either directly or indirectly--from the surplus that would otherwise be grabbed by the capitalist class alone."[90] The industrial capitalists, then, have very motive to put an end to this kind of parasitism, and to use the funds secured, through confiscatory taxation of the unearned increment of land, to lessen their own taxation, to nationalize those fundamental industries that can only be made in this way to subserve the interests of the capitalist class as a whole (instead of some part of it merely), and to undertake through government those costly enterprises which are needed by all industry, but which give too slow returns to attract the capitalist investor. This enormous reform, in land taxation, which alone would put into the hands of governments ultimately almost a third of the capital of modern nations, was considered by Marx, in all its early stages, as purely capitalistic, "_a Socialistically-fringed attempt to save the rule of capitalism, and to establish it in fact on a still larger foundation at present_."[91] Indeed, I have shown in a previous chapter that radical reformers who advocated this single-tax idea, along with the nationalization and municipalization of monopolies, do so with the conscious purpose of reviving capitalism and making it more permanent, precisely as Marx says. The great Socialist wrote the above phrase in 1881 (in a recently published letter to Sorge of New York) after reading Henry George's "Progress and Poverty," which had just appeared. He calls attention to the fact that James Mill and other capitalistic economists had long before recommended that land rent should be paid to the State so as to serve as a substitute for taxes, and that he, himself, had advocated it in the Manifesto o
PREV.   NEXT  
|<   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142   143   144   145  
146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   >>   >|  



Top keywords:

capitalist

 
proportion
 

taxation

 

industrial

 

larger

 

capitalism

 

capitalistic

 

advocated

 

increases

 

landlord


capitalists

 

indirectly

 

wealth

 

modern

 

reformers

 

radical

 

nationalization

 

conscious

 

chapter

 

previous


monopolies

 

capital

 

municipalization

 

single

 

purely

 

purpose

 

stages

 

fringed

 

attempt

 

establish


Indeed

 

present

 
Socialistically
 
considered
 

foundation

 

nations

 

economists

 

attention

 

Poverty

 

appeared


Manifesto

 

substitute

 

recommended

 

Progress

 

Socialist

 

phrase

 

making

 

permanent

 

precisely

 
recently