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?©d?©ric, 1801-1850

"Essays on Political Economy"

And to
what does all this tend? To the abundance and the low price of produce;
that is, that all the efforts of the manufacturers, and without their
suspecting it, result in a profit to the public consumer, of which each
of you is one. It is the same with every profession. Well, the
capitalists are not exempt from this law. They are very busy making
schemes, economising, and turning them to their advantage. This is all
very well; but the more they succeed, the more do they promote the
abundance of capital, and, as a necessary consequence, the reduction of
interest. Now, who is it that profits by the reduction of interest? Is
it not the borrower first, and finally, the consumers of the things
which the capitals contribute to produce?
It is therefore certain that the final result of the efforts of each
class is the common good of all.
You are told that capital tyrannises over labour. I do not deny that
each one endeavours to draw the greatest possible advantage from his
situation; but, in this sense, he realises only that which is possible.
Now, it is never more possible for capitals to tyrannise over labour,
than when they are scarce; for then it is they who make the law--it is
they who regulate the rate of sale. Never is this tyranny more
impossible to them, than when they are abundant; for, in that case, it
is labour which has the command.


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