Equality, Edward Bellamy [online e book reading .txt] 📗

who had formerly had none dependent on them or had neglected them suffered any curtailment of income, and they deserved to. But indeed there was no question of curtailment for more than a very short time for any; for, as soon as the now completed economic organization was fairly in motion, everybody was kept too busy devising ways to expend his or her own allowance to give any thought to that of others. Of course, the equalizing of the economic maintenance of all on the basis of citizenship put a final end to the employment of private servants, even if the practice had lasted till then, which is doubtful; for if any one desired a personal servant he must henceforth pay him as much as he could receive in the public service, which would be equivalent to the whole income of the would-be employer, leaving him nothing for himself."

THE FINAL SETTLEMENT WITH THE CAPITALISTS.

"There is one point," I said, "on which I should like to be a little more clearly informed. When the nation finally took possession absolutely in perpetuity of all the lands, machinery, and capital after the final collapse of private capitalism, there must have been doubtless some sort of final settling and balancing of accounts between the people and the capitalists whose former properties had been nationalized. How was that managed? What was the basis of final settlement?"

"The people waived a settlement," replied the doctor. "The guillotine, the gallows, and the firing platoon played no part in the consummation of the great Revolution. During the previous phases of the revolutionary agitation there had indeed been much bitter talk of the reckoning which the people in the hour of their triumph would demand of the capitalists for the cruel past; but when the hour of triumph came, the enthusiasm of humanity which glorified it extinguished the fires of hate and took away all desire of barren vengeance. No, there was no settlement demanded; the people forgave the past."

"Doctor," I said, "you have sufficiently--in fact, overwhelmingly--answered my question, and all the more so because you did not catch my meaning. Remember that I represent the mental and moral condition of the average American capitalist in 1887. What I meant was to inquire what compensation the people made to the capitalists for nationalizing what had been their property. Evidently, however, from the twentieth-century point of view, if there were to be any final settlement between the people and the capitalists it was the former who had the bill to present."

"I rather pride myself," replied the doctor, "in keeping track of your point of view and distinguishing it from ours, but I confess that time I fairly missed the cue. You see, as we look back upon the Revolution, one of its most impressive features seems to be the vast magnanimity of the people at the moment of their complete triumph in according a free quittance to their former oppressors.

"Do you not see that if private capitalism was right, then the Revolution was wrong; but, on the other hand, if the Revolution was right, then private capitalism was wrong, and the greatest wrong that ever existed; and in that case it was the capitalists who owed reparation to the people they had wronged, rather than the people who owed compensation to the capitalists for taking from them the means of that wrong? For the people to have consented on any terms to buy their freedom from their former masters would have been to admit the justice of their former bondage. When insurgent slaves triumph, they are not in the habit of paying their former masters the price of the shackles and fetters they have broken; the masters usually consider themselves fortunate if they do not have their heads broken with them. Had the question of compensating the capitalists been raised at the time we are speaking of, it would have been an unfortunate issue for them. To their question, Who was to pay them for what the people had taken from them? the response would have been, Who was to pay the people for what the capitalist system had taken from them and their ancestors, the light of life and liberty and happiness which it had shut off from unnumbered generations? That was an accounting which would have gone so deep and reached back so far that the debtors might well be glad to waive it. In taking possession of the earth and all the works of man that stood upon it, the people were but reclaiming their own heritage and the work of their own hands, kept back from them by fraud. When the rightful heirs come to their own, the unjust stewards who kept them out of their inheritance may deem themselves mercifully dealt with if the new masters are willing to let bygones be bygones.

"But while the idea of compensating the capitalists for putting an end to their oppression would have been ethically absurd, you will scarcely get a full conception of the situation without considering that any such compensation was in the nature of the case impossible. To have compensated the capitalists in any practical way--that is, any way which would have preserved to them under the new order any economic equivalent for their former holdings--would have necessarily been to set up private capitalism over again in the very act of destroying it, thus defeating and stultifying the Revolution in the moment of its triumph.

"You see that this last and greatest of revolutions in the nature of the case absolutely differed from all former ones in the finality and completeness of its work. In all previous instances in which governments had abolished or converted to public use forms of property in the hands of citizens it had been possible to compensate them in some other kind of property through which their former economic advantage should be perpetuated under a different form. For example, in condemning lands it was possible to pay for them in money, and in abolishing property in men it was possible to pay for the slaves, so that the previous superiority or privilege held by the property owner was not destroyed outright, but merely translated, so to speak, into other terms. But the great Revolution, aiming as it did at the final destruction of all forms of advantage, dominion, or privilege among men, left no guise or mode possible under which the capitalist could continue to exercise his former superiority. All the modes under which in past time men had exercised dominion over their fellows had been by one revolution after another reduced to the single form of economic superiority, and now that this last incarnation of the spirit of selfish dominion was to perish there was no further refuge for it. The ultimate mask torn off, it was left to wither in the face of the sun."

"Your explanation leaves me nothing further to ask as to the matter of a final settling between the people and the capitalists," I said. "Still, I have understood that in the first steps toward the substitution of public business management for private capitalism, consisting in the nationalizing or municipalizing of quasi-public services, such as gas works, railroads, telegraphs, etc., some theory of compensation was followed. Public opinion, at that stage not having accepted the whole revolutionary programme, must probably have insisted upon this practice. Just when was it discontinued?'

"You will readily perceive," replied the doctor, "that in measure as it became generally recognized that economic equality was at hand, it began to seem farcical to pay the capitalists for their possessions in forms of wealth which must presently, as all knew, become valueless. So it was that, as the Revolution approached its consummation, the idea of buying the capitalists out gave place to plans for safeguarding them from unnecessary hardships pending the transition period. All the businesses of the class you speak of which were taken over by the people in the early stages of the revolutionary agitation, were paid for in money or bonds, and usually at prices most favorable to the capitalists. As to the greater plants, which were taken over later, such as railroads and the mines, a different course was followed. By the time public opinion was ripe for these steps, it began to be recognized by the dullest that it was possible, even if not probable, that the revolutionary programme would go completely through, and all forms of monetary value or obligation become waste paper. With this prospect the capitalists owning the properties were naturally not particularly desirous of taking national bonds for them which would have been the natural form of compensation had they been bought outright. Even if the capitalists had been willing to take the bonds, the people would never have consented to increase the public debt by the five or six billions of bonds that would have been necessary to carry out the purchase. Neither the railroads nor the mines were therefore purchased at all. It was their management, not their ownership, which had excited the public indignation and created the demand for their nationalization. It was their management, therefore, which was nationalized, their ownership remaining undisturbed.

"That is to say, the Government, on the high ground of public policy and for the correction of grievances that had become intolerable, assumed the exclusive and perpetual management and operation of the railroad lines. An honest valuation of the plants having been made, the earnings, if any, up to a reasonable percentage, were paid over to the security holders. This arrangement answered the purpose of delivering the people and the security holders alike from the extortions and mismanagement of the former private operators, and at the same time brought a million railroad employees into the public service and the enjoyment of all its benefits quite as effectively as if the lines had been bought outright. A similar plan was followed with the coal and other mines. This combination of private ownership with public management continued until, the Revolution having been consummated, all the capital of the country was nationalized by comprehensive enactment.

"The general principle which governed the revolutionary policy in dealing with property owners of all sorts was that while the distribution of property was essentially unjust and existing property rights morally invalid, and as soon as possible a wholly new system should be established, yet that, until the new system of property could as a whole replace the existing one, the legal rights of property owners ought to be respected, and when overruled in the public interest proper provision should be made to prevent hardship. The means of private maintenance should not, that is to say, be taken away from any one until the guarantee of maintenance from public sources could take its place. The application of this principle by the revolutionists seems to have been extremely logical, clean cut, and positive. The old law of property, bad as it was, they did not aim to abolish in the name of license, spoliation, and confusion, but in the name of a stricter and more logical as well as more righteous law. In the most nourishing days of capitalism, stealing, so called, was never repressed more sternly than up to the very eve of the complete introduction of the new system.

"To sum up the case in a word," I suggested, "it seems that in passing from the old order into the new it necessarily fared with the rich as it did when they passed out of this world into the next. In one case, as in the other, they just absolutely had to leave their money behind them."

"The illustration is really very apt," laughed the doctor, "except in one important particular. It has been rumored that the change which Dives made from this world to the next was an unhappy one for him;