When labour has been thus expended by anticipation, in expectation of future remuneration, we cannot tell whether, on a definite future day, it will render exactly the same service, or save the same pains, or preserve, consequently, a uniform value. We cannot even hazard a probable conjecture as to this. The commodity may be very recherché, very difficult to procure in any other way; it may come to render services which will be better appreciated, or appreciated by more people; it may acquire an increasing value with time,—in other words, it may exchange for a continually increasing proportion of present labour. Thus it is not impossible that such a product, a diamond for example, a violin of Stradivarius, a picture of Raphaël, a vine-plant from the Château-Laffitte, may come to exchange for a thousand times more labour than they cost. In fact it just comes to this, that the anterior labour is well remunerated in these cases, because it renders a great amount of service.
The contrary may also happen. A commodity which has cost four hours’ labour may come to exchange for one which has cost only three hours’ labour of equal intensity.
But—and this appears to me extremely important as regards the interests of the working classes, of those classes who aspire so ardently to get rid of their present state of uncertainty—although the two alternatives we have stated are both possible, and each may be realized in its turn, although accumulated labour may sometimes gain, and sometimes lose value, in [p388] relation to present labour, the first alternative, nevertheless, is so rare as to be considered accidental and exceptional; while the second is the result of a general law which is inherent in the very organization of man. That man, with all his intellectual and experimental acquisitions, is of a progressive nature, is at least industrially speaking (for, in a moral point of view, the assertion might be disputed) beyond doubt. It is beyond doubt that the greater part of those commodities which exacted formerly a given amount of labour, exact at the present day a less amount, in consequence of improvements in machinery and the gratuitous intervention of natural forces; and we may assert without hesitation, that in each period of ten years, for example, a given quantity of labour will accomplish, in the majority of cases, greater results than the same quantity of labour could have accomplished in the preceding decennial period.
What is the conclusion to be drawn from this? Obviously, that anterior labour goes on constantly deteriorating in value relatively to present labour; that in every act of exchange it becomes necessary to give, of the first a greater number of hours than you receive of the second; and this without any injustice, but simply to maintain the equivalence of services. This is a consequence which progress forces upon us.
You say to me, “Here is a machine; it was made ten years ago, but it is still new. It cost 1000 days’ work to make it. I will give it to you in exchange for an equal number of days’ labour.” To this I reply, “Within the last ten years so many new tools have been invented, and so many new processes discovered, that I can now construct, or, what comes to the same thing, get constructed for me, an equally good machine, with an expenditure of only 600 days’ labour. I will not, therefore, give you more than 600 for yours.” “But I should in this way lose 400 days’ labour.” “No,” I reply; “for 6 days’ work now are worth 10 formerly. At all events, what you offer me for 1000 I can now procure for 600.” This ends the debate; if the lapse of time has deteriorated the value of your labour, there is no reason why I should bear the loss.
Again you say to me, “Here is a field. In order to bring it to its present state of productiveness, I and my ancestors have expended 1000 days’ labour. They were unacquainted, no doubt, with the use of axe, and saw, and spade, and did all by muscular exertion. But no matter; give me first of all 1000 of your days’ work, as an equivalent for the 1000 which I give to you, and then add 300 as the value of the productive power of the soil, and you [p389] shall have the field.” I answer, “I will not give you 1300, or even 1000, days’ labour for it; and here are my reasons: There are on the surface of the globe an indefinite number of productive powers which are destitute of value. We are now accustomed to handle spade, and axe, and saw, and plough, and employ many other means of abridging labour, and rendering it more productive; so that, with 600 days’ work, I can either bring an uncultivated field into the state in which yours is, or (which comes absolutely to the same thing as far as I am concerned) I can procure myself, by an act of exchange, all the advantages which you reap from your field. I will give you, then, 600 days, and no more.” “In that case, not only should I have no profit from the pretended value of the productive powers of the soil; I should not even be reimbursed for the actual labour which I and my ancestors have devoted to the cultivation of this field. Is it not strange that I should be accused by Ricardo of selling the powers of nature; by Senior of intercepting the gifts of God; by all the Economists of being a monopolist; by Proudhon of being a robber; while in reality I am only a dupe?” You are no more a dupe than a monopolist. You receive the equivalent of what you give; and it is neither natural, nor just, nor possible, that rude labour performed with the hand centuries ago should exchange, day for day, against the more intelligent and productive labour of the present time.
Thus we see that by an admirable effect of the social mechanism, when anterior and present labour are brought into juxtaposition, and when the business is to know in what proportion the joint product of both is to be divided, the specific superiority of the one and of the other is taken into account; and they participate in the distribution according to the relative services which they render. In exceptional cases it may happen that this superiority is on the side of anterior labour. But in the great majority of cases it is otherwise; and the nature of man and the law of progress cause the superiority to be manifested on the side of present labour. Progress is advanced by the latter; and the deterioration falls upon capital.
Independently of this result, which shows how vain and hollow the declamations of our modern reformers on the pretended tyranny of capital are, there is another consideration still more fitted to extinguish in the hearts of the working classes that factitious hatred of other classes, which it has been attempted but with too much success to light up.
The consideration I refer to is this:
Capital, however far it may carry its pretensions, and however [p390] successful it may be in its endeavours to ensure the triumph of these pretensions, can never place labour in a worse situation than it would occupy in a state of isolation. In other words, capital is always more favourable to labour by its presence than by its absence.