The latest attempt to deduce revolutionary conclusions from the older economics and to found a theory of collectivism upon the Ricardian doctrine of rent has proved a failure. Even Webb’s friends have not shown the enthusiasm for it that they might[1239]—and this despite the constant allusion to the “three monopolies” which one meets with in their writings.

The interest of the experiment lies not so much in itself as in the indication which it affords of the more recent trend of thought in this matter. We have already drawn attention to the fact that the more immediate disciples of Marx both in France and Germany have refuted his theory of value, showing a disposition to rally to the counter-theory of final utility. We have here a group of English socialists undergoing a somewhat similar process of evolution. On every hand it seems that socialism has given up all pretension to creating a working men’s political economy alongside of the bourgeois, and it is now generally recognised that there can only be one political economy, independent altogether of all parties and social ideals, whose sole function is to give a scientific explanation of economic phenomena.

The Fabians even outdo the syndicalists in their reaction against the Marxian theories. Not only is the theory of value thrown overboard, but Marx’s whole social doctrine is rejected as well. There are two points on which the opposition is particularly marked, and although these may be outside the scope of the present chapter it is necessary to mention them in order to complete our exposition of Fabian ideas.

Marx’s social doctrine was built upon the theory of class war. Socialism was simply the creed of the proletarian. Its triumph would mean the victory of the proletariat over the bourgeoisie. Its principles are the direct antithesis of those which govern society at the present time, just as the two classes are directly opposed to one another. The Fabians entertain no such views. They think of socialism as a mere extension of the ideals of bourgeois democracy, and they would be quite content with a logical development and application of the principles which at present govern society. “The economic side of the democratic ideal is, in fact, socialism itself,” writes Sidney Webb.[1240] Our object should not be to replace the bourgeois supremacy by the proletarian ascendancy, nor even to emancipate the worker from the tyranny of the wage system (for under the socialist régime, as the Fabians point out, everybody will be a wage-earner), but merely to organise industry in the interest of the community as a whole. “We do not desire to see the mines and the profits from the mines transferred to the miners, but to the community as a whole.”[1241] Socialism is not a class doctrine, but a philosophy of general interest. “Socialism is a plan for securing equal rights and opportunities for all.”[1242] Webb questions the existence of an English class struggle in the Marxian sense of the word.[1243] On the contrary: “In view of the fact that the socialist movement has been hitherto inspired, instructed, and led by members of the middle class or bourgeoisie, the Fabian Society … protests against the absurdity of socialists denouncing the very class from which socialism has sprung as specially hostile to it.” One cannot see much similarity between this point of view and that of the French syndicalists.[1244]

The Fabian philosophy of history is equally distinct. For Marx the capital fact in nineteenth-century history is the concentration of property in the hands of a privileged few, and the consequent pauperisation of the masses. The necessary consequence of this twofold development will be the revolutionary dispossession of the former by the latter.

Optimistic as they are, the Fabians are not prepared to deny the concentration of capital. According to their view, the prime fact in nineteenth-century history is not the servility of the masses, but the waning authority of the capitalists, the growing importance of collective government in national economy, and the gradual dispossession of the idlers for the sake of the workers, a process that is already well on the way towards consummation. Webb is of the opinion that socialism is being realised without any conflict, and even with the tacit approval of its victims. “Slice after slice has gradually been cut from the profits of capital, and therefore from its selling value, by socially beneficial restrictions on its user’s liberty to do as he liked with it. Slice after slice has been cut off the incomes from rent and interest by the gradual shifting of taxation from consumers to persons enjoying incomes above the average of the kingdom.… To-day almost every conceivable trade is, somewhere or other, carried on by parish, municipality, or the national Government itself without the intervention of any middleman or capitalist.… The community furnishes and maintains its own museums, parks, art galleries, libraries, concert halls, roads, streets, bridges, markets, slaughter-houses, fire-engines, lighthouses, pilots, ferries, surf-boats, steam-tugs, lifeboats, cemeteries, public baths, washhouses, pounds, harbours, piers, wharves, hospitals, dispensaries, gasworks, waterworks, tramways, telegraph cables, allotments, cow meadows, artisans’ dwellings, schools, churches, and reading-rooms.” And even where private industry is allowed to survive it is rigorously supervised and inspected. “The State in most of the larger industrial operations prescribes the age of the worker, the hours of work, the amount of air, light, cubic space, heat, lavatory accommodation, holidays, and meal-times; where, when, and how wages shall be paid; how machinery, staircases, lift-holes, mines, and quarries are to be fenced and guarded; how and when the plant shall be cleaned, repaired, and worked.… On every side the individual capitalist is being registered, inspected, controlled, and eventually superseded by the community.”[1245]

We are already in the full current of socialism, declares Mr. Webb. Our legislators are socialists without knowing it. “The economic history of the century is an almost continuous record of the progress of socialism.”[1246] The Fabians, adopting a saying of the Saint-Simonians, point out to the socialists that they ought to be content with a clear exposition of the evolution of which everyone knows something, although perhaps in a hazy fashion. “Instead of unconscious factors we become deliberate agents either to aid or resist the developments coming to our notice.”[1247]

We are some distance away from Marx here, and farther still from his syndicalist disciples. We have really been led back to the philosophy of history as it was interpreted by the German State Socialists. Must we, then, conclude that the Fabians are State Socialists who feign ignorance of the fact?

Fabian socialism, strictly speaking, is not a new scientific doctrine. It is rather a plea for economic centralisation, an idea begotten of the modern conditions of existence in Europe, as against orthodox Liberalism, which is somewhat threadbare but still holds an honourable place in the opinion of many English writers. It is highly probable that the legislative activity of the last thirty years, which friends and foes alike regard as somewhat socialistic, will appear to our descendants as a moderate movement in the direction of greater centralisation.