Knowledge Is Power. Charles Knight

Knowledge Is Power - Charles Knight


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and the government dreamt that acts of parliament and royal ordinances could rebuild the houses and cultivate the land, when the means of building and cultivation, namely, the capital of the country, was exhausted by injustice producing insecurity.

      But if the king, the nobles, and the people of the middle ages conspired together, or acted at least as if they conspired, to prevent the accumulation of capital, the few capitalists themselves, by their monstrous regulations, which still throw some dark shadows over our own days, prevented that freedom of industry without which capital could not accumulate. Undoubtedly the commercial privileges of corporations originally offered some barriers against the injustice of the crown and of the nobility; but the good was always accompanied with an evil, which rendered it to a certain extent valueless. Where these privileges gave security, they were a good; where they destroyed freedom, they were an injury. Instead of encouraging the intercourse between one trade and another, they encircled every trade with the most absurd monopolies and exclusive privileges. Instead of rendering commerce free between one district and another, they, even in the same country, encompassed commerce with the most harassing restrictions, which separated county from county, and town from town, as if seas ran between them. If a man of Coventry came to London with his wares, he was encountered at every step with the privileges of companies; if the man of London sought to trade at Coventry, he was obstructed by the same corporate rights, preventing either the Londoner or the Coventry man trading with advantage. The revenues of every city were derived from forfeitures upon trades, almost all established upon the principle that, if one trade became too industrious or too clever, it would be the ruin of another trade. Every trade was fenced round with secrets; and the commonest trade, as we know from the language of an apprentice's indenture, was called an "art and mystery." All these follies went upon the presumption that "one man's gain is another man's loss," instead of vanishing before the truth, that, in proportion as the industry of all men is free, so will it be productive; and that production on all sides ensures a state of things in which every exchanger is a gainer, and no one a loser.

       Adam Smith.

       Table of Contents

      Rights of labour—Effects of slavery on production—Condition of the Anglo-Saxons—Progress of freedom in England—Laws regulating labour—Wages and prices—Poor-law—Law of settlement.

      Adam Smith, in his great work, 'The Wealth of Nations,' says, "The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable. The patrimony of a poor man lies in the strength and dexterity of his hands; and to hinder him from employing this strength and dexterity in what manner he thinks proper, without injury to his neighbour, is a plain violation of this most sacred property." The right of property, in general, has been defined by another writer, M. Say, to be "the exclusive faculty guaranteed to a man, or body of men, to dispose, at their own pleasure, of that which belongs to them." There can be no doubt that labour is entitled to the same protection as a property that capital is entitled to. There can be no doubt that the labourer has rights over his labour which no government and no individual should presume to interfere with. There can be no doubt that, as an exchanger of labour for capital, the labourer ought to be assured that the exchange shall in all respects be as free as the exchanges of any other description of property. His rights as an exchanger are, that he shall not be compelled to part with his property, by any arbitrary enactments, without having as ample an equivalent as the general laws of exchange will afford him; that he shall be free to use every just means, either by himself or by union with others, to obtain such an equivalent; that he shall be at full liberty to offer that property in the best market that he can find, without being limited to any particular market; that he may give to that property every modification which it is capable of receiving from his own natural or acquired skill, without being narrowed to any one form of producing it. In other words, natural justice demands that the working-man shall work when he please, and be idle when he please, always providing that, if he make a contract to work, he shall not violate that engagement by remaining idle; that no labour shall be forced from him, and no rate of payment for that labour prescribed by statutes or ordinances; that he shall be free to obtain as high wages as he can possibly get, and unite with others to obtain them, always providing that in his union he does not violate that freedom of industry in others which is the foundation of his own attempts to improve his condition; that he may go from place to place to exchange his labour without being interfered with by corporate rights or monopolies of any sort, whether of masters or workmen; and that he may turn from one employment to the other, if he so think fit, without being confined to the trade he originally learnt, or may strike into any line of employment without having regularly learnt it at all. When the working-man has these rights secured to him by the sanction of the laws, and the concurrence of the institutions and customs of the country in which he lives, he is in the condition of a free exchanger. He has the full, uninterrupted, absolute possession of his property. He is upon a perfect legal equality with the capitalist. He may labour cheerfully with the well-founded assurance that his labour will be profitably exchanged for the goods which he desires for the satisfaction of his wants, as far as laws and institutions can so provide. In a word, he may assure himself that, if he possesses anything valuable to offer in exchange for capital, the capital will not be fenced round with any artificial barriers, or invested with any unnatural preponderance, to prevent the exchange being one of perfect equality, and therefore a real benefit to both exchangers.

      We are approaching this desirable state in England. Indeed, there is scarcely any legal restriction acted upon which prevents the exchange of labour with capital being completely unembarrassed. Yet it is only within a few centuries that the working-men of this country have emerged from the condition of actual slaves into that of free labourers; it is only a few hundred years ago since the cultivator of


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