Among the many gloomy novelists of the realistic school, perhaps the most full of gloom is Gissing. In common with all his characters, he lives under the weight of a great oppression: the power of the fearful and yet adored idol of Money. One of his typical stories is “Eve’s Ransom,” where the heroine, with various discreditable subterfuges, throws over the poor man whom she loves in order to marry the rich man whose income she loves still better. The poor man, finding that the rich man’s income has given her a fuller life and a better character than the poor man’s love could have given her, decides that she has done quite right, and that he deserves to be punished for his lack of money. In this story, as in his other books, Gissing has set forth, quite accurately, the actual dominion of money, and the impersonal worship which it exacts from the great majority of civilized mankind.
Gissing’s facts are undeniable, and yet his118 attitude produces a revolt in any reader who has vital passions and masterful desires. His worship of money is bound up with his consciousness of inward defeat. And in the modern world generally, it is the decay of life which has promoted the religion of material goods; and the religion of material goods, in its turn, has hastened the decay of life on which it thrives. The man who worships money has ceased to hope for happiness through his own efforts or in his own activities: he looks upon happiness as a passive enjoyment of pleasures derived from the outside world. The artist or the lover does not worship money in his moments of ardor, because his desires are specific, and directed towards objects which only he can create. And conversely, the worshiper of money can never achieve greatness as an artist or a lover.
Love of money has been denounced by moralists since the world began. I do not wish to add another to the moral denunciations, of which the efficacy in the past has not been encouraging. I wish to show how the worship of money is both an effect and a cause of diminishing vitality, and how our institutions might be changed so as to make the worship of money119 grow less and the general vitality grow more. It is not the desire for money as a means to definite ends that is in question. A struggling artist may desire money in order to have leisure for his art, but this desire is finite, and can be satisfied fully by a very modest sum. It is the worship of money that I wish to consider: the belief that all values may be measured in terms of money, and that money is the ultimate test of success in life. This belief is held in fact, if not in words, by multitudes of men and women, and yet it is not in harmony with human nature, since it ignores vital needs and the instinctive tendency towards some specific kind of growth. It makes men treat as unimportant those of their desires which run counter to the acquisition of money, and yet such desires are, as a rule, more important to well-being than any increase of income. It leads men to mutilate their own natures from a mistaken theory of what constitutes success, and to give admiration to enterprises which add nothing to human welfare. It promotes a dead uniformity of character and purpose, a diminution in the joy of life, and a stress and strain which leaves whole communities weary, discouraged, and disillusioned.
120 America, the pioneer of Western progress, is thought by many to display the worship of money in its most perfect form. A well-to-do American, who already has more than enough money to satisfy all reasonable requirements, almost always continues to work at his office with an assiduity which would only be pardonable if starvation were the alternative.
But England, except among a small minority, is almost as much given over to the worship of money as America. Love of money in England takes, as a rule, the form of snobbishly desiring to maintain a certain social status, rather than of striving after an indefinite increase of income. Men postpone marriage until they have an income enabling them to have as many rooms and servants in their house as they feel that their dignity requires. This makes it necessary for them while they are young to keep a watch upon their affections, lest they should be led into an imprudence: they acquire a cautious habit of mind, and a fear of “giving themselves away,” which makes a free and vigorous life impossible. In acting as they do they imagine that they are being virtuous, since they would feel it a hardship for a woman to be asked to descend to a lower social status121 than that of her parents, and a degradation to themselves to marry a woman whose social status was not equal to their own. The things of nature are not valued in comparison with money. It is not thought a hardship for a woman to have to accept, as her only experience of love, the prudent and limited attentions of a man whose capacity for emotion has been lost during years of wise restraint or sordid relations with women whom he did not respect. The woman herself does not know that it is a hardship; for she, too, has been taught prudence for fear of a descent in the social scale, and from early youth she has had it instilled into her that strong feeling does not become a young woman. So the two unite to slip through life in ignorance of all that is worth knowing. Their ancestors were not restrained from passion by the fear of hell-fire, but they are restrained effectually by a worse fear, the fear of coming down in the world.
The same motives which lead men to marry late also lead them to limit their families. Professional men wish to send their sons to a public school, though the education they will obtain is no better than at a grammar school, and the companions with whom they will associate122 are more vicious. But snobdom has decided that public schools are best, and from its verdict there is no appeal. What makes them the best is that they are the most expensive. And the same social struggle, in varying forms, runs through all classes except the very highest and the very lowest. For this purpose men and women make great moral efforts, and show amazing powers of self-control; but all their efforts and all their self-control, being not used for any creative end, serve merely to dry up the well-spring of life within them, to make them feeble, listless, and trivial. It is not in such a soil that the passion which produces genius can be nourished. Men’s souls have exchanged the wilderness for the drawing-room: they have become cramped and petty and deformed, like Chinese women’s feet. Even the horrors of war have hardly awakened them from the smug somnambulism of respectability. And it is chiefly the worship of money that has brought about this deathlike slumber of all that makes men great.
In France the worship of money takes the form of thrift. It is not easy to make a fortune in France, but an inherited competence is very common, and where it exists the main purpose123 of life is to hand it on undiminished, if not increased. The French rentier is one of the great forces in international politics: it is he through whom France has been strengthened in diplomacy and weakened in war, by increasing the supply of French capital and diminishing the supply of French men. The necessity of providing a dot for daughters, and the subdivision of property by the law of inheritance, have made the family more powerful, as an institution, than in any other civilized country. In order that the family may prosper, it is kept small, and the individual members are often sacrificed to it. The desire for family continuity makes men timid and unadventurous: it is only in the organized proletariat that the daring spirit survives which made the Revolution and led the world in political thought and practice. Through the influence of money, the strength of the family has become a weakness to the nation by making the population remain stationary and even tend to decline. The same love of safety is beginning to produce the same effects elsewhere; but in this, as in many better things, France has led the way.
In Germany the worship of money is more recent than in France, England, and America;124 indeed, it hardly existed until after the Franco-Prussian War. But it has been adopted now with the same intensity and whole-heartedness which have always marked German beliefs. It is characteristic that, as in France the worship of money is associated with the family, so in Germany it is associated with the State. Liszt, in deliberate revolt against the English economists, taught his compatriots to think of economics in national terms, and the German who develops a business is felt, by others as well as by himself, to be performing a service to the State. Germans believe that England’s greatness is due to industrialism and Empire, and that our success in these is due to an intense nationalism. The apparent internationalism of our Free Trade policy they regard as mere hypocrisy. They have set themselves to imitate what they believe we really are, with only the hypocrisy omitted. It must be admitted that their success has been amazing. But in the process they have destroyed almost all that made Germany of value to the world, and they have not adopted whatever of good there may have been among us, since that was all swept aside in the wholesale condemnation of “hypocrisy.” And in adopting our worst faults,125 they have made them far worse by a system, a thoroughness, and a unanimity of which we are happily incapable. Germany’s religion is of great importance to the world, since Germans have a power of real belief, and have the energy to acquire the virtues and vices which their creed demands. For the sake of the world, as well as for the sake of Germany, we must hope that they will soon abandon the worship of wealth which they have unfortunately learnt from us.
Worship of money is no new thing, but it is a more harmful thing than it used to be, for several reasons. Industrialism has made work more wearisome and intense, less capable of affording pleasure and interest by the way to the man who has undertaken it for the sake of money. The power of limiting families has opened a new field for the operation of thrift. The general increase in education and self-discipline has made men more capable of pursuing a purpose consistently in spite of temptations, and when the purpose is against life it becomes more destructive with every increase of tenacity in those who adopt it. The greater productivity resulting from industrialism has enabled us to devote more labor and capital to126 armies and navies for the protection of our wealth from envious neighbors, and for the exploitation of inferior races, which are ruthlessly wasted by the capitalist régime. Through the fear of losing money, forethought and anxiety eat away men’s power of happiness, and the dread of misfortune becomes a greater misfortune than the one which is dreaded. The happiest men and women, as we can all testify from our own experience, are those who are indifferent to money because they have some positive purpose which shuts it out. And yet all our political thought, whether imperialist, radical, or socialist, continues to occupy itself almost exclusively with men’s economic desires, as though they alone had real importance.
In judging of an industrial system, whether the one under which we live or one proposed by reformers, there are four main tests which may be applied. We may consider whether the system secures (1) the maximum of production, or (2) justice in distribution, or (3) a tolerable existence for producers, or (4) the greatest possible freedom and stimulus to vitality and progress. We may say, broadly, that the present system aims only at the first of these objects, while socialism aims at the second and third.127 Some defenders of the present system contend that technical progress is better promoted by private enterprise than it would be if industry were in the hands of the State; to this extent they recognize the fourth of the objects we have enumerated. But they recognize it only on the side of the goods and the capitalist, not on the side of the wage-earner. I believe that the fourth is much the most important of the objects to be aimed at, that the present system is fatal to it, and that orthodox socialism might well prove equally fatal.
One of the least questioned assumptions of the capitalist system is, that production ought to be increased in amount by every possible means: by new kinds of machinery, by employment of women and boys, by making hours of labor as long as is compatible with efficiency. Central African natives, accustomed to living on raw fruits of the earth and defeating Manchester by dispensing with clothes, are compelled to work by a hut tax which they can only pay by taking employment under European capitalists. It is admitted that they are perfectly happy while they remain free from European influences, and that industrialism brings upon them, not only the unwonted misery of confinement,128 but also death from diseases to which white men have become partially immune. It is admitted that the best negro workers are the “raw natives,” fresh from the bush, uncontaminated by previous experience of wage-earning. Nevertheless, no one effectively contends that they ought to be preserved from the deterioration which we bring, since no one effectively doubts that it is good to increase the world’s production at no matter what cost.
The belief in the importance of production has a fanatical irrationality and ruthlessness. So long as something is produced, what it is that is produced seems to be thought a matter of no account. Our whole economic system encourages this view, since fear of unemployment makes any kind of work a boon to wage-earners. The mania for increasing production has turned men’s thoughts away from much more important problems, and has prevented the world from getting the benefits it might have got out of the increased productivity of labor.
When we are fed and clothed and housed, further material goods are needed only for ostentation.12 With modern methods, a certain129 proportion of the population, without working long hours, could do all the work that is really necessary in the way of producing commodities. The time which is now spent in producing luxuries could be spent partly in enjoyment and country holidays, partly in better education, partly in work that is not manual or subserving manual work. We could, if we wished, have far more science and art, more diffused knowledge and mental cultivation, more leisure for wage-earners, and more capacity for intelligent pleasures. At present not only wages, but almost all earned incomes, can only be obtained by working much longer hours than men ought to work. A man who earns ￡800 a year by hard work could not, as a rule, earn ￡400 a year by half as much work. Often he could not earn anything if he were not willing to work practically all day and every day. Because of the excessive belief in the value of production, it is thought right and proper for men to work long hours, and the good that might result from shorter hours is not realized. And all the cruelties of the industrial system, not only in Europe but even more in the tropics, arouse only an occasional feeble protest from a few philanthropists. This is because, owing to the distortion130 produced by our present economic methods, men’s conscious desires, in such matters, cover only a very small part, and that not the most important part, of the real needs affected by industrial work. If this is to be remedied, it can only be by a different economic system, in which the relation of activity to needs will be less concealed and more direct.
The purpose of maximizing production will not be achieved in the long run if our present industrial system continues. Our present system is wasteful of human material, partly through damage to the health and efficiency of industrial workers, especially when women and children are employed, partly through the fact that the best workers tend to have small families and that the more civilized races are in danger of gradual extinction. Every great city is a center of race-deterioration. For the case of London this has been argued with a wealth of statistical detail by Sir H. Llewelyn Smith;13 and it cannot easily be doubted that it is equally true in other cases. The same is true of material resources: the minerals, the virgin forests, and the newly developed wheatfields of the world are being exhausted with a reckless131 prodigality which entails almost a certainty of hardship for future generations.
Socialists see the remedy in State ownership of land and capital, combined with a more just system of distribution. It cannot be denied that our present system of distribution is indefensible from every point of view, including the point of view of justice. Our system of distribution is regulated by law, and is capable of being changed in many respects which familiarity makes us regard as natural and inevitable. We may distinguish four chief sources of recognized legal rights to private property: (1) a man’s right to what he has made himself; (2) the right to interest on capital which has been lent; (3) the ownership of land; (4) inheritance. These form a crescendo of respectability: capital is more respectable than labor, land is more respectable than capital, and any form of wealth is more respectable when it is inherited than when it has been acquired by our own exertions.
A man’s right to the produce of his own labor has never, in fact, had more than a very limited recognition from the law. The early socialists, especially the English forerunners of Marx, used to insist upon this right as the basis132 of a just system of distribution, but in the complication of modern industrial processes it is impossible to say what a man has produced. What proportion of the goods carried by a railway should belong to the goods porters concerned in their journey? When a surgeon saves a man’s life by an operation, what proportion of the commodities which the man subsequently produces can the surgeon justly claim? Such problems are insoluble. And there is no special justice, even if they were soluble, in allowing to each man what he himself produces. Some men are stronger, healthier, cleverer, than others, but there is no reason for increasing these natural injustices by the artificial injustices of the law. The principle recommends itself partly as a way of abolishing the very rich, partly as a way of stimulating people to work hard. But the first of these objects can be better obtained in other ways, and the second ceases to be obviously desirable as soon as we cease to worship money.
Interest arises naturally in any community in which private property is unrestricted and theft is punished, because some of the most economical processes of production are slow, and those who have the skill to perform them may133 not have the means of living while they are being completed. But the power of lending money gives such great wealth and influence to private capitalists that unless strictly controlled it is not compatible with any real freedom for the rest of the population. Its effects at present, both in the industrial world and in international politics, are so bad that it seems imperatively necessary to devise some means of curbing its power.
Private property in land has no justification except historically through power of the sword. In the beginning of feudal times, certain men had enough military strength to be able to force those whom they disliked not to live in a certain area. Those whom they chose to leave on the land became their serfs, and were forced to work for them in return for the gracious permission to stay. In order to establish law in place of private force, it was necessary, in the main, to leave undisturbed the rights which had been acquired by the sword. The land became the property of those who had conquered it, and the serfs were allowed to give rent instead of service. There is no justification for private property in land, except the historical necessity to conciliate turbulent robbers who would not134 otherwise have obeyed the law. This necessity arose in Europe many centuries ago, but in Africa the whole process is often quite recent. It is by this process, slightly disguised, that the Kimberley diamond mines and the Rand gold mines were acquired in spite of prior native rights. It is a singular example of human inertia that men should have continued until now to endure the tyranny and extortion which a small minority are able to inflict by their possession of the land. No good to the community, of any sort or kind, results from the private ownership of land. If men were reasonable, they would decree that it should cease to-morrow, with no compensation beyond a moderate life income to the present holders.
The mere abolition of rent would not remove injustice, since it would confer a capricious advantage upon the occupiers of the best sites and the most fertile land. It is necessary that there should be rent, but it should be paid to the State or to some body which performs public services; or, if the total rental were more than is required for such purposes, it might be paid into a ............