It is impossible to place labor and capital in harmonious or friendly relations, except by the means of slavery, which identifies their interests. Would that gentleman lay his capital out in land and negroes, he might be sure, in whatever hands it came, that it would be employed to protect laborers, not to oppress them; for when slaves are worth near a thousand dollars a head, they will be carefully and well provided for. In any other investment he may make of it, it will be used as an engine to squeeze the largest amount of labor from the poor, for the least amount of allowance. We say allowance, not wages; for neither slaves nor free laborers get wages, in the popular sense of the term: that is, the employer or capitalist pays them from nothing of his own, but allows them a part, generally a very small part, of the proceeds of their own labor. Free laborers pay one another, for labor creates all values, and capital, after taking the lion's share by its taxing power, but pays the so-called wages of one laborer from the proceeds of the labor of another. Capital does not breed, yet remains undiminished. Its profits are but its taxing power. Men seek to become independent, in order to cease to pay labor; in order to become masters, without the cares, duties and responsibilities of masters. Capital exercises a more perfect compulsion over free laborers, than human masters over slaves: for free laborers must at all times work or starve, and slaves are supported whether they work or not. Free laborers have less liberty than slaves, are worse paid and provided for, and have no valuable rights. Slaves, with more of actual practical liberty, with ampler allowance, and constant protection, are secure in the enjoyment of all the rights, which provide for their physical comfort at all times and under all circumstances. The free laborer must be employed or starve, yet no one is obliged to employ him. The slave is taken care of, whether employed or not. Though each free laborer has no particular master, his wants and other men's capital, make him a slave without a master, or with too many masters, which is as bad as none. It were often better that he had an ascertained master, instead of an irresponsible and unascertained one.
There are some startling social phenomena connected with this subject of labor and capital, which will probably be new to most of our readers. Legislators and philosophers often puzzle their own and other people's brains, in vain discussions as to how the taxes shall be laid, so as to fall on the rich rather than the poor. It results from our theory, that as labor creates all values, laborers pay all taxes, and the rich, in the words of Gerrit Smith, "are but the conduits that pass them over to government."
Again, since labor alone creates and pays the profits of capital; increase and accumulation of capital but increase the labor of the poor, and lessen their remuneration. Thus the poor are continually forging new chains for themselves. Proudhon cites a familiar instance to prove and illustrate this theory: A tenant improves a farm or house, and enhances their rents; his labor thus becomes the means of increasing the tax, which he or some one else must pay to the capitalist. What is true in this instance, is true of the aggregate capital of the world: its increase is but an increased tax on labor. A., by trade or speculation, gets hold of an additional million of dollars, to the capital already in existence. Now his million of dollars will yield no profit, unless a number of pauper laborers, sufficient to pay its profits, are at the same time brought into existence. After supporting their families, it will require a thousand of laborers to pay the interest or profits of a million of dollars. It may, therefore, be generally assumed as true, that where a country has gained a millionaire, it has by the same process gained a thousand pauper laborers: Provided it has been made by profits on foreign trade, or by new values created at home—that is, if it be an addition of a million to the capital of the nation.
A nation borrows a hundred millions, at six per cent., for a hundred years. During that time it pays, in way of tax, called interest, six times the capital loaned, and then returns the capital itself. During all this time, to the amount of the interest, the people of this nation have been slaves to the lender. He has commanded, not paid, for their labor; for his capital is returned intact. In the abstract, and according to equity, "the use of an article is only a proper subject of charge, when the article is consumed in the use; for this consumption is the consumption of the labor of the lender or hirer, and is the exchange of equal amounts of labor for each other.
A., as a merchant, a lawyer, or doctor, makes twenty dollars a day; that is, exchanges each day of his own labor for twenty days of the labor of common working men, assuming that they work at a dollar a day. In twenty years, he amasses fifty thousand dollars, invests it, and settles it on his family. Without any labor, he and his heirs, retaining all this capital, continue, by its means, to levy a tax of three thousand dollars from common laborers. He and his heirs now pay nothing for labor, but command it. They have nothing to pay except their capital, and that they retain. (This is the exploitation or despotism of capital, which has taken the place of domestic slavery, and is, in fact, a much worse kind of slavery. Hence arises socialism, which proposes to reconstruct society.) Now, this capitalist is considered highly meritorious for so doing, and the poor, self-sacrificing laborers, who really created his capital, and who pay its profits, are thought contemptible, if not criminal. In the general, those men are considered the most meritorious who live in greatest splendor, with the least, or with no labor, and they most contemptible, who labor most for others, and least for themselves. In the abstract, however, that dealing appears most correct, where men exchange equal amounts of labor, bear equal burdens for others, with those that they impose on them. Such is the golden rule of Scripture, but not the approved practice of mankind.
"The worth of a thing is just what it will bring," is the common trading principle of mankind. Yet men revolt at the extreme applications of their own principle, and denunciate any gross and palpable advantage taken of the wants, position and necessities of others as swindling. But we should recollect, that in all instances where unequal amounts of labor are exchanged at par, advantage is really taken by him who gets in exchange the larger amount of labor, of the wants, position and necessities of him who receives the smaller amount.
We have said that laborers pay all taxes, but labor being capital in slave society, the laborers or slaves are not injured by increased taxes; and the capitalist or master has to retrench his own expenses to meet the additional tax. Capital is not taxed in free society, but is taxed in slave society, because, in such society, labor is capital.
The capitalists and the professional can, and do, by increased profits and fees, throw the whole burden of taxation on the laboring class. Slaveholders cannot do so; for diminished allowance to their slaves, would impair their value and lessen their own capital.
Our expose of what the socialists term the exploitation of skill and capital, will not, we know, be satisfactory to slaveholders even; for, although there be much less of such exploitation, or unjust exaction, in slave society; still, too much of it remains to be agreeable to contemplate. Besides, our analysis of human nature and human pursuits, is too dark and sombre to meet with ready acceptance. We should be rejoiced to see our theory refuted. We are sure, however, that it never can be; but equally sure, that it is subject to many modifications and limitations that have not occurred to us. We have this consolation, that in rejecting as false and noxious all systems of moral philosophy, we are thrown upon the Bible, as containing the only true system of morals. We have attempted already to adduce three instances, in which the justification of slavery furnished new and additional evidence of the truth of Christianity. We will now add others.
It is notorious that infidelity appeared in the world, on an extensive scale, only cotemporaneously with the abolition of slavery, and that it is now limited to countries where no domestic slavery exists. Besides, abolitionists are commonly infidels, as their speeches, conventions, and papers daily evince. Where there is no slavery, the minds of men are unsettled on all subjects, and there is, emphatically, faith and conviction about nothing. Their moral and social world is in a chaotic and anarchical state. Order, subordination and adaptation have vanished; and with them, the belief in a Deity, the author of all order. It had often been urged, that the order observable in the moral and physical world, furnished strong evidence of a Deity, the author of that order. How vastly is this argument now strengthened, by the new fact, now first developed, that the destruction of social order generates universal scepticism. Mere political revolutions affect social order but little, and generate but little infidelity. It remained for social revolutions, like those in Europe in 1848, to bring on an infidel age; for, outside of