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Essays on Political Economy by Frédéric Bastiat
page 38 of 212 (17%)
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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