What Makes The Rich Richer T

Author : William Graham Sumner
Publisher :
ISBN 13 : 9781980371595
Total Pages : 27 pages
Book Rating : 4.3/5 (715 download)

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Download or read book What Makes the Rich Richer and the Poor Poorer written by William Graham Sumner and published by . This book was released on 2018-02-22 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: KARL MARX says, "An accumulation of wealth at one pole of society indicates an accumulation of misery and overwork at the other."[1] In this assertion, Marx avoids the very common and mischievous fallacy of confusing causes, consequences, and symptoms. He suggests that what is found at one pole indicates, or is a symptom of what may be found at the other. In the development of his criticisms on political economy and the existing organization of society, however, Marx proceeds as if there were a relation of cause and effect in the proposition just quoted, and his followers and popularizers have assumed as an indisputable postulate that the wealth of some is a cause of the poverty of others. The question of priority or originality as between Marx, Rodbertus, and others is at best one of vanity between them and their disciples,[2]but it is of great interest and importance to notice that the doctrine that wealth at one pole makes misery at the other is the correct logical form of the notion that progress and poverty are correlative. This doctrine rests upon another and still more fundamental one, which is not often formulated, but which can be detected in most of the current socialistic discussions, viz., that all the capital which is here now would be here under any laws or institutions about property, as if it were due to some independent cause; and that some have got ahead of others and seized upon the most of it, so that those who came later have not been able to get any. If this notion about the source of capital is not true, then wealth at one pole cannot cause poverty at the other. If it is true, then we can make any regulations we like about the distribution of wealth, without fear lest the measures which we adopt may prevent any wealth from being produced.In Rome, under the empire, wealth at one pole was a symptom of misery at the other, because Rome was not an industrial state. Its income came from plunder. The wealth had a source independent of the production of the society of Rome. That part of the booty which some got, others could not have. No such thing is true of an industrial society. The wealth of the commercial cities of Italy and southern Germany, in the Middle Ages, was largely in the hands of merchant-princes. If one were told that some of these merchants were very rich, he would have no ground of inference that others in those cities must have been poor. The rich were those who developed the opportunities of commerce which were, in the first instance, open to all. What they gained came out of nothing which anybody else ever had or would have had.