Essays on Political Economy by Frédéric Bastiat
page 38 of 212 (17%)
page 38 of 212 (17%)
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will come to augment the number of those who are sinking into the grave.
Upon this supposition, it is not the lowering of wages which is the mischief, it is the scarcity of capital. Low wages are not the cause, but the effect of the evil. I may add, that they are to a certain extent the remedy. It acts in this way: it distributes the burden of suffering as much as it can, and saves as many lives as a limited quantity of sustenance permits. Suppose now, that instead of ten capitalists, there should be a hundred, two hundred, five hundred,--is it not evident that the condition of the whole population, and, above all, that of the "prolétaires,"[3] will be more and more improved? Is it not evident that, apart from every consideration of generosity, they would obtain more work and better pay for it?--that they themselves will be in a better condition, to form capitals, without being able to fix the limits to this ever-increasing facility of realising equality and well-being? Would it not be madness in them to admit such doctrines, and to act in a way which would drain the source of wages, and paralyse the activity and stimulus of saving? Let them learn this lesson, then; doubtless, capitals are good for those who possess them: who denies it? But they are also useful to those who have not yet been able to form them; and it is important to those who have them not, that others should have them. Yes, if the "prolétaires" knew their true interests, they would seek, with the greatest care, what circumstances are, and what are not favourable to saving, in order to favour the former and to discourage the latter. They would sympathise with every measure which tends to the rapid formation of capitals. They would be enthusiastic promoters of peace, liberty, order, security, the union of classes and peoples, economy, moderation in public expenses, simplicity in the machinery of |
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