Thus, if the question is asked whether the labour employed in manufacture in Lanzerote is "productive" or "unproductive" there can be only one reply. If anybody will exchange vital capital, or that which can be exchanged for vital capital, for Lanzerote goods, it is productive; if not, it is unproductive.
In the case of the manufacturer, the dependence of labour upon capital is still more intimate than in that of the herdsman or agriculturist. When the latter are once started they can go on, without troubling themselves about the existence of any other people. But the manufacturer depends on pre-existing capital, not only at the
beginning, but at the end of his operations. However great the expenditure of his labour and of his skill, the result, for the purpose of maintaining his existence, is just the same as if he had done nothing, unless there is a customer able and willing to exchange food-stuffs for that which his labour and skill have achieved.
There is another point concerning which it is very necessary to have clear ideas. Suppose a carpenter in Lanzerote to be engaged in making chests of drawers. Let us suppose that a, the timber, and b, the grain and meat needful for the man's sustenance until he can finish a chest of drawers, have to be paid for by that chest. Then the capital with which he starts is represented by a + b. He could not start at all unless he had it; day by day, he must destroy more or less of the substance and of the general adaptability of a in order to work it up into the special forms needed to constitute the chest of drawers; and, day by day, he must use up at least so much of b as will replace his loss of vital capital by the work of that day. Suppose it takes the carpenter and his workmen ten days to saw up the timber, to plane the boards, and to give them the shape and size proper for the various parts of the chest of drawers. And suppose that he then offers his heap of boards to the advancer of a + b as an equivalent for the wood + ten days' supply of vital capital? The latter will surely say: "No.
I did not ask for a heap of boards. I asked for a chest of drawers. Up to this time, so far as I am concerned, you have done nothing and are as much in my debt as ever." And if the carpenter maintained that he had "virtually" created two-thirds of a chest of drawers, inasmuch as it would take only five days more to put together the pieces of wood, and that the heap of boards ought to be accepted as the equivalent of two-thirds of his debt, I am afraid the creditor would regard him as little better than an impudent swindler. It obviously makes no sort of difference whether the Canariote or Teneriffian buyer advanced the wood and the food-stuffs, on which the carpenter had to maintain himself; or whether the carpenter had a stock of both, the consumption of which must be recouped by the exchange of a chest of drawers for a fresh supply. In the latter case, it is even less doubtful that, if the carpenter offered his boards to the man who wanted a chest of drawers, the latter would laugh in his face. And if he took the chest of drawers for himself, then so much of his vital capital would be sunk in it past recovery. Again, the payment of goods in a lump, for the chest of drawers, comes to the same thing as the payment of daily wages for the fifteen days that the carpenter was occupied in making it. If, at the end of each day, the carpenter chose to say to himself "I have 'virtually' created, by my day's labour, a fifteenth of what I shall get for the chest
of drawers—therefore my wages are the produce of my day's labour"—there is no great harm in such metaphorical speech, so long as the poor man does not delude himself into the supposition that it represents the exact truth. "Virtually" is apt to cover more intellectual sins than "charity" does moral delicts. After what has been said, it surely must be plain enough that each day's work has involved the consumption of the carpenter's vital capital, and the fashioning of his timber, at the expense of more or less consumption of those forms of capital. Whether the a + b to be exchanged for the chest has been advanced as a loan, or is paid daily or weekly as wages, or, at some later time, as the price of a finished commodity—the essential element of the transaction, and the only essential element, is, that it must, at least, effect the replacement of the vital capital consumed. Neither boards nor chest of drawers are eatable; and, so far from the carpenter having produced the essential part of his wages by each day's labour, he has merely wasted that labour, unless somebody who happens to want a chest of drawers offers to exchange vital capital, or something that can procure it, equivalent to the amount consumed during the process of manufacture.*
* See the discussion of this subject further on.