|
Main
- books.jibble.org
My Books
- IRC Hacks
Misc. Articles
- Meaning of Jibble
- M4 Su Doku
- Computer Scrapbooking
- Setting up Java
- Bootable Java
- Cookies in Java
- Dynamic Graphs
- Social Shakespeare
External Links
- Paul Mutton
- Jibble Photo Gallery
- Jibble Forums
- Google Landmarks
- Jibble Shop
- Free Books
- Intershot Ltd
|
books.jibble.org
Previous Page
| Next Page
Page 10
But this proves something to which I shall return. The evident interests
of William, representing here the borrowers, there are many Jameses and
planes, in other words, lenders and capitals. It is very evident, that
if William can say to James,--"Your demands are exorbitant; there is no
lack of planes in the world;" he will be in a better situation than if
James's plane was the only one to be borrowed. Assuredly, there is no
maxim more true than this--service for service. But left us not forget
that no service has a fixed and absolute value, compared with others.
The contracting parties are free. Each carries his requisitions to the
farthest possible point, and the most favourable circumstance for these
requisitions is the absence of rivalship. Hence it follows, that if
there is a class of men more interested than any other in the formation,
multiplication, and abundance of capitals, it is mainly that of the
borrowers. Now, since capitals can only be formed and increased by the
stimulus and the prospect of remuneration, let this class understand the
injury they are inflicting on themselves when they deny the lawfulness
of interest, when they proclaim that credit should be gratuitous, when
they declaim against the pretended tyranny of capital, when they
discourage saving, thus forcing capitals to become scarce, and
consequently interests to rise.
3rd. The anecdote I have just related enables you to explain this
apparently singular phenomenon, which is termed the duration or
perpetuity of interest. Since, in lending his plane, James has been
able, very lawfully, to make it a condition that it should be returned
to him, at the end of a year, in the same state in which it was when he
lent it, is it not evident that he may, at the expiration of the term,
lend it again on the same conditions? If he resolves upon the latter
plan, the plane will return to him at the end of every year, and that
without end. James will then be in a condition to lend it without end;
that is, he may derive from it a perpetual interest. It will be said,
that the plane will be worn out. That is true; but it will be worn out
by the hand and for the profit of the borrower. The latter has taken
into account this gradual wear, and taken upon himself, as he ought, the
consequences. He has reckoned that he shall derive from this tool an
advantage, which will allow him to restore it in its original condition,
after having realised a profit from it. As long as James does not use
this capital himself, or for his own advantage--as long as he renounces
the advantages which allow it to be restored to its original
condition--he will have an incontestable right to have it restored, and
that independently of interest.
Observe, besides, that if, as I believe I have shown, James, far from
doing any harm to William, has done him a _service_ in lending him his
plane for a year; for the same reason, he will do no harm to a second, a
third, a fourth borrower, in the subsequent periods. Hence you may
understand that the interest of a capital is as natural, as lawful, as
useful, in the thousandth year, as in the first. We may go still
further. It may happen that James lends more than a single plane. It is
possible, that by means of working, of saving, of privations, of order,
of activity, he may come to lend a multitude of planes and saws; that is
to say, to do a multitude of services. I insist upon this point,--that
if the first loan has been a social good, it will be the same with all
the others; for they are all similar, and based upon the same
principle. It may happen, then, that the amount of all the remunerations
received by our honest operative, in exchange for services rendered by
him, may suffice to maintain him. In this case, there will be a man in
the world who has a right to live without working. I do not say that he
would be doing right to give himself up to idleness--but I say, that he
has a right to do so; and if he does so, it will be at nobody's expense,
but quite the contrary. If society at all understands the nature of
things, it will acknowledge that this man subsists on services which he
receives certainly (as we all do), but which he lawfully receives in
exchange for other services, which he himself has rendered, that he
continues to render, and which are quite real, inasmuch as they are
freely and voluntarily accepted.
And here we have a glimpse of one of the finest harmonies in the social
world. I allude to _leisure:_ not that leisure that the warlike and
tyrannical classes arrange for themselves by the plunder of the workers,
but that leisure which is the lawful and innocent fruit of past activity
and economy. In expressing myself thus, I know that I shall shock many
received ideas. But see! Is not leisure an essential spring in the
social machine? Without it, the world would never have had a Newton, a
Pascal, a Fenelon; mankind would have been ignorant of all arts,
sciences, and of those wonderful inventions prepared originally by
investigations of mere curiosity; thought would have been inert--man
would have made no progress. On the other hand, if leisure could only be
explained by plunder and oppression--if it were a benefit which could
only be enjoyed unjustly, and at the expense of others, there would be
no middle path between these two evils; either mankind would be reduced
to the necessity of stagnating in a vegetable and stationary life, in
eternal ignorance, from the absence of wheels to its machine--or else it
would have to acquire these wheels at the price of inevitable injustice,
and would necessarily present the sad spectacle, in one form or other,
of the antique classification of human beings into masters and slaves. I
defy any one to show me, in this case, any other alternative. We should
be compelled to contemplate the Divine plan which governs society, with
the regret of thinking that it presents a deplorable chasm. The stimulus
of progress would be forgotten, or, which is worse, this stimulus would
be no other than injustice itself. But no! God has not left such a chasm
in His work of love. We must take care not to disregard His wisdom and
power; for those whose imperfect meditations cannot explain the
lawfulness of leisure, are very much like the astronomer who said, at a
certain point in the heavens there ought to exist a planet which will be
at last discovered, for without it the celestial world is not harmony,
but discord.
Previous Page
| Next Page
|
|