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The Pamphlet Collection of Sir Robert Stout: Volume 86

Nationalisation of Capital

Nationalisation of Capital,

on the ground that the evolution of industry has rendered land and capital indistinguishable and equally indispensable as instruments of production, and that, holding with J. S. Mill that "the deepest root of the evils and iniquities which till the industrial world is . . . the subjection of labor to capital, and the enormous share which the possessors of the instruments of industry are able to take from the produce," we see clearly that if they would make any improvement in the condition of the agricultural laborer and his fellow wage-slave in the towns, they will be forced to abandon the illogical distinctions that are sometimes drawn between the instruments with which they work.

As instruments of production, the use and value of land and capital alike are due to human labor; alike they are used for the hindrance or exploitation of industry by their proprietor; alike they are limited in quantity, and consequently subject to monopoly; alike they enable a private monopolist to exact tribute from the workers for the use of that which the workers have produced.