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Updated: May 29, 2025
This complete civilised system without a specialised, property-less labour class is not simply a possibility, it is necessary; the whole social movement of the time, the stars in their courses, war against the permanence of the present state of affairs. The alternative to this gigantic effort to rearrange our world is not a continuation of muddling along, but social war.
Labor income depended on the bargaining power of the property-less majority. Property income yielded wealth to the property owners. Labor income, under the pressure of competition in the labor market, yielded only subsistence. Thus the community was divided into owners and workers. The owners controlled and spent or invested the income.
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