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To: A. Pole
The new globalist world will be divided into three casts - those who own the wealth and hire others, those who are lucky or creative and can command high wages and the rest

As Wilhelm Roepke pointed out, in order for a society to be stable, a worker should be a property owner (say, owner of a house and a garden,) otherwise the workers have nothing to lose and go Communist. It may happen in the world you described.

82 posted on 05/17/2003 4:27:14 AM PDT by Feldkurat_Katz (if they are gay, why are they always complaining?)
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To: Feldkurat_Katz
Hillaire Belloc made much the same point: that our system should be called proletarianist rather than capitallist, since it is based upon the existence of a majority class of proletarians ( = people who have no means of generating income except selling their labor). As Belloc points out, Marx was correct in saying that the working class has nothing to lose but its chains; unrestricted, capitalism always tends toward a monopoly of capital and credit and a spiral of ever-lessening wages. In the end, when jobs vanish and wages drop below subsistence, those with nothing but their labor to sell are left with nowhere to turn but to the Reds; revolution, riot, and ruin follow as the 'workers' vanguard" expropriates the monopolists and centralizes all capital and credit under the control of the all-powerful State. Therefore we see that any society in which the majority of the people have nothing but their labor to sell is not a capitalist society, since the very bedrock of that society -- the average citizen -- possesses no capital at all.

A truly capitalist society would be one in which capital (= property capable of generating income) was distributed across the majority of the population instead of being concentrated in the hands of a small number of industrial giants and financiers. This is why Belloc and others advocated the revival of the Guild system, a syndicalist, distributist political economy in which industry would be controlled and regulated by guilds made up of small independent capitalists. The guilds would regulate prices, limit competition, and manage capital on behalf of the industry as a whole, with their purpose being to maintain the widest possible distribution of capital across the population and thus eliminate the existence of the proletarian class altogether. No proletariat, no eventual communist revolution.
98 posted on 05/19/2003 10:36:26 PM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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