On 24 February, we found a budget that exceeds the proportions that France can reasonably achieve and what is more, according to the current minister of finance, with nearly a billion francs in debts that are for immediate repayment.
Because of this situation, already alarming enough, expenditure has steadily increased and revenue steadily decreased.
That is not all. Two types of promises have been tossed with a boundless prodigality to the general public. According to one lot, they are going to be given a countless mass of institutions that are beneficial but expensive. According to the second lot, all taxes will be reduced. In this way, on the one hand the numbers of day nurseries, asylums, primary schools, free secondary schools, workshops, and industrial pensions will be increased. The owners of slaves will be indemnified and the slaves themselves paid damages. The state will found credit institutions, lend workers their instruments of work, double the size of the army, reorganize the navy, etc., etc., and on the other hand it will abolish the salt tax, city tolls, and all the most unpopular contributions.
Certainly, whatever idea one has of the resources of France, it has at least to be admitted that such resources must increase if they are to meet twin aspirations that are so vast in scale and so contradictory in appearance.
But, in the midst of this extraordinary movement, which might be considered beyond human strength even when the entire energy of the country is being directed toward productive work, a cry can be heard: the right to
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property is a creation of the law. Consequently, the legislator can issue, at any time and in accordance with the theoretical systems with which he is imbued, decrees that overturn all the arrangements made by industry. Workers are not the owners of any object or thing of value because they have created these through their work but because the laws in effect today guarantee this. Tomorrow’s law may withdraw this guarantee, at which time property will no longer be legitimate.
I ask you, what is bound to happen? Capital and production are terrified; they can no longer count on the future. Under the influence of a doctrine like this, capital will hide, flee, and be reduced to nothing. And what will then happen to the workers, these very workers for whom you profess such a lively, sincere, but so unenlightened affection? Will they be better fed when farming production has ceased? Will they be better clothed when no one dares start up a factory? Will they be more fully occupied when capital has vanished?
And taxes, where will you obtain these? And the financial position, how will this be restored? How are you going to pay the army? How will you pay your debts? What money will there be to lend for investment in machinery? With what resources will you support the charitable institutions whose existence it is so easy to decree?
I hasten to abandon these somber considerations. It remains for me to examine the consequences of the opposite principle that prevails today, namely, the “economists’ principle,”12 the principle that attributes the right of property to labor [travail] and not to the law; the principle that says that property existed before the law; the sole mission of the law is to ensure respect for property wherever it is and wherever it is formed, in whatever manner in which the worker has created it, either in isolation or in association, provided that he respects the rights of others.
First, just as the jurists’ principle virtually implies slavery, that of the economists espouses liberty. Property, the right to enjoy the fruit of your labor, the right to work, develop yourself, and exercise your faculties as you please without the intervention of the state except in its protective role, that is liberty. And I still cannot understand why the many partisans of opposing persuasions allow the word liberty to remain on the republican flag. It is said
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that some of them have removed it and substituted the word solidarity. Such people are more frank and consistent. However, they should have put communism, not solidarity, since the solidarity of interests, like property, exists outside the law.
It also implies unity. We have already seen this. If the legislator creates the right to property, there are as many ways for property to exist as there may be errors in the minds of utopians, that is to say, an infinite number. If, on the other hand, the right to property is a providential fact that predates any human legislation and the aim of human legislation is to ensure its respect, there is no place for any other arrangements.
It is also security, and this is perfectly clear: if a people fully acknowledge that each person has to provide for his means of existence but also that each person has a right to the fruit of his work that predates and is higher than the law, also that human law has been necessary and has intervened only to guarantee to all the freedom to work and the property of the fruit of that work, it is clearly evident that a totally secure future opens out before human activity. It no longer has to fear that legislative power will through successive decrees stop its efforts, disrupt its arrangements, and bring to nothing its forecasts. Within the shelter of this security capital will spring up rapidly. The rapid increase in capital, for its part, is the sole reason for growth in the value of labor. The working classes will therefore become better off and will themselves contribute to providing new sources of capital. They will be increasingly capable of freeing themselves from wage-labor,13 becoming partners in the businesses, founding their own businesses, and recovering their dignity.
Last, the eternal principle that the state should not be a producer but should provide security for producers would inexorably lead to economy and order in public finances. The implication is that only this principle makes it possible to establish a good foundation and just distribution for taxes.
In fact, we should never forget that the state has no resources of its own. It has nothing and it owns nothing that it does not take from workers. Therefore, when it interferes in everything, it substitutes the grim and expensive activity of its agents for private activity. If, as happens in the United States, people came to realize with regard to this matter that the mission of the state is to provide a perfectly safe context for all, the state would be able to
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accomplish this mission with a few hundred million. This saving, combined with economic prosperity, would at last make it possible to establish a single direct tax which would bear only on actual property, of whatever kind.
But for this contingency we would have to wait until a few experiences, sometimes cruel ones, had somewhat diminished our faith in the state and increased our faith in humanity.
I will end with a few words on the Free Trade Association. It has oft en been reproached for this title. Its opponents have rejoiced, and its supporters have regretted, what both have considered to be a fault.
“Why cause alarm in this way?” say its partisans. “Why emblazon a principle on your flag? Why do you not limit yourselves to demanding those wise and prudent alterations to the customs tariff that time has made necessary and experience has shown to be opportune?”
Why? First, because, in my view at least, free trade has never been a matter of customs and tariffs but a question of right, justice, public order, and property. Second, because privilege, in whatever form it is manifested, implies a negation or scorn for property. Third, because state intervention to level out fortunes, increasing some shares at the expense of others, is communism, just as one drop of water is water just as the entire ocean is water.
Fourth, because I foresaw that once the principle of property has been undermined in one form, it would soon be attacked in a thousand different forms. Fifth, because I did not quit my solitude to pursue a partial amendment of the tariffs, which would have implied my adherence to the false notion that law predates property, but to fly to the aid of the opposite principle, compromised by protectionism. Finally, because I was convinced that the landowners and capitalists had themselves, with the tariff, sown the seed of the communism that terrifies them now, since they were demanding additional profits