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abolition action advantage agricultural arise become capitalist cause cent CHAPTER claim classes co-operation co-operative common compelled compensation competition consequences demand deprive desire direction distribution duction economic economic rent Edward Bellamy efficiency equal freedom equal rights Erfurt Programme ethical evolution exercise exertion existing Fabian Society faculties functions further greater happiness human improvements income increase individual industrial inevitable injustice interest J. A. Hobson justice labour labour-products labour-time land and capital landowners Laurence Gronlund less limited manufacture marginal utility means of production mental monopoly Nationalisation natural rights necessary object occupation opportunities organisation owners ownership of land political possession present private ownership private property privileges property in land proposals of Socialism reduced regard regulative agency rent result sentiments Sidney Webb Single Tax system slavery social organism socialists structures surplus-value taxation tion trusts United Kingdom value of land vidual wages wealth workers
Page 59 - We see then that that which determines the magnitude of the value of any article is the amount of labour socially necessary, or the labour-time socially necessary for its production.
Page 7 - Centralisation of the means of production and socialisation of labour at last reach a point where they become incompatible with their capitalist integument. This integument is burst asunder. The knell of capitalist private property sounds. The expropriators are expropriated.
Page 7 - That which is now to be expropriated is no longer the labourer working for himself, but the capitalist exploiting many labourers. This expropriation is accomplished by the action of the immanent laws of capitalistic production itself, by the centralisation of capital. One capitalist always kills many.
Page 63 - Therefore the labour-time requisite for the production of labour-power reduces itself to that necessary for the production of those means of subsistence; in other words, the value of labour-power is the value of the means of subsistence necessary for the maintenance of the labourer.
Page 16 - Republic, we hold that the true theory of politics is that the machinery of government must be owned and controlled by the whole people; but in the light of our industrial development we hold, furthermore, that the true theory of economics is that the machinen,- of production must likewise belong to the people in common.
Page 60 - Skilled labour counts only as simple labour intensified, or rather, as multiplied simple labour, a given quantity of skilled labour being considered equal to a greater quantity of simple labour.
Page 15 - Party should have as a definite object the socialisation of the means of production, distribution, and exchange, to be controlled by a democratic State in the interest of the entire community ; and the complete emancipation of Labour from the domination of capitalism and landlordism, with the establishment of social and economic equality between the sexes.
Page 456 - On account of the high wages, says his disciple, Merivale, there is in the colonies 'the urgent desire for cheaper and more subservient labourers - for a class to whom the capitalist might dictate terms, instead of being dictated to by them. ... In ancient...