According to the Socialist teaching, the workers maintain the capitalists. The brain is mightier than the hand, though the brain requires the hand. In reality it rather seems that the capitalists maintain the workers. It cannot too often be pointed out that those countries which have many wealthy capitalists are highly civilised and prosperous, and their workers are well off. On the other hand, those countries which have few or no wealthy capitalists are little civilised and poor, and their workers are exceedingly badly off. The masses may conceivably rob the capitalists of their property, and try to manage the national capital themselves, but whether they will benefit by spoliation remains to be seen. Lacking direction, foresight, unity, organisation, discipline, and thrift, the masses will probably quickly waste the national capital, and national ruin and distress and starvation will be the consequences of wholesale robbery.
The confiscation experiment has often been tried in the past, and it has always failed. The last time it has been tried was at the time of the French Revolution. The money secured by robbery was recklessly squandered. Production was neglected, and the people became poorer than ever. In the country agriculture came to a standstill, weeds grew where corn had been growing, gardens became a natural wilderness, and wolves roamed in thousands.[474] The great manufacturing towns were dead, manufacturers in Paris who had employed sixty or eighty men employed but ten.[475] The people in town and country were starving. Many lived on roots and bark. Many of the poor in Paris waited outside the slaughter-houses and lapped the blood from the gutters like dogs.
Private capital has existed in all countries and at all times, because it is a plant of natural growth. One can destroy it, but it will ever grow again.
FOOTNOTES:
[449] Snowden, Socialist Budget, p. 1.
[450] Ibid.
[451] Snowden, The Socialist's Budget, p. 2.
[452] Ibid. pp. 7, 8.
[453] Socialism and Labour Policy, p. 4.