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If¡¡one¡¡hundred¡¡thousand¡¡printers¡¡can¡¡furnish¡¡reading¡­matter¡¡enough¡¡for¡¡thirty¡­four¡¡millions¡¡of¡¡men£»¡¡and¡¡if¡¡the¡¡price¡¡of¡¡books¡¡is¡¡so¡¡high¡¡that¡¡only¡¡one¡­third¡¡of¡¡that¡¡number¡¡can¡¡afford¡¡to¡¡buy¡¡them£»¡¡it¡¡is¡¡clear¡¡that¡¡these¡¡one¡¡hundred¡¡thousand¡¡printers¡¡will¡¡produce¡¡three¡¡times¡¡as¡¡much¡¡as¡¡the¡¡booksellers¡¡can¡¡sell¡£¡¡¡¡That¡¡the¡¡products¡¡of¡¡the¡¡laborers¡¡may¡¡never¡¡exceed¡¡the¡¡demands¡¡of¡¡the¡¡consumers£»¡¡the¡¡laborers¡¡must¡¡either¡¡rest¡¡two¡¡days¡¡out¡¡of¡¡three£»¡¡or£»¡¡separating¡¡into¡¡three¡¡groups£»¡¡relieve¡¡each¡¡other¡¡three¡¡times¡¡a¡¡week£»¡¡month£»¡¡or¡¡quarter£»¡¡that¡¡is£»¡¡during¡¡two¡­thirds¡¡of¡¡their¡¡life¡¡they¡¡must¡¡not¡¡live¡£¡¡¡¡But¡¡industry£»¡¡under¡¡the¡¡influence¡¡of¡¡property£»¡¡does¡¡not¡¡proceed¡¡with¡¡such¡¡regularity¡£¡¡¡¡It¡¡endeavors¡¡to¡¡produce¡¡a¡¡great¡¡deal¡¡in¡¡a¡¡short¡¡time£»¡¡because¡¡the¡¡greater¡¡the¡¡amount¡¡of¡¡products£»¡¡and¡¡the¡¡shorter¡¡the¡¡time¡¡of¡¡production£»¡¡the¡¡less¡¡each¡¡product¡¡costs¡£¡¡¡¡As¡¡soon¡¡as¡¡a¡¡demand¡¡begins¡¡to¡¡be¡¡felt£»¡¡the¡¡factories¡¡fill¡¡up£»¡¡and¡¡everybody¡¡goes¡¡to¡¡work¡£¡¡¡¡Then¡¡business¡¡is¡¡lively£»¡¡and¡¡both¡¡governors¡¡and¡¡governed¡¡rejoice¡£¡¡¡¡But¡¡the¡¡more¡¡they¡¡work¡¡to¡­day£»¡¡the¡¡more¡¡idle¡¡will¡¡they¡¡be¡¡hereafter£»¡¡the¡¡more¡¡they¡¡laugh£»¡¡the¡¡more¡¡they¡¡shall¡¡weep¡£¡¡¡¡Under¡¡the¡¡rule¡¡of¡¡property£»¡¡the¡¡flowers¡¡of¡¡industry¡¡are¡¡woven¡¡into¡¡none¡¡but¡¡funeral¡¡wreaths¡£¡¡¡¡The¡¡laborer¡¡digs¡¡his¡¡own¡¡grave¡£

If¡¡the¡¡factory¡¡stops¡¡running£»¡¡the¡¡manufacturer¡¡has¡¡to¡¡pay¡¡interest¡¡on¡¡his¡¡capital¡¡the¡¡same¡¡as¡¡before¡£¡¡¡¡He¡¡naturally¡¡tries£»¡¡then£»¡¡to¡¡continue¡¡production¡¡by¡¡lessening¡¡expenses¡£¡¡¡¡Then¡¡comes¡¡the¡¡lowering¡¡of¡¡wages£»¡¡the¡¡introduction¡¡of¡¡machinery£»¡¡the¡¡employment¡¡of¡¡women¡¡and¡¡children¡¡to¡¡do¡¡the¡¡work¡¡of¡¡men£»¡¡bad¡¡workmen£»¡¡and¡¡wretched¡¡work¡£¡¡¡¡They¡¡still¡¡produce£»¡¡because¡¡the¡¡decreased¡¡cost¡¡creates¡¡a¡¡larger¡¡market£»¡¡but¡¡they¡¡do¡¡not¡¡produce¡¡long£»¡¡because£»¡¡the¡¡cheapness¡¡being¡¡due¡¡to¡¡the¡¡quantity¡¡and¡¡rapidity¡¡of¡¡production£»¡¡the¡¡productive¡¡power¡¡tends¡¡more¡¡than¡¡ever¡¡to¡¡outstrip¡¡consumption¡£¡¡¡¡It¡¡is¡¡when¡¡laborers£»¡¡whose¡¡wages¡¡are¡¡scarcely¡¡sufficient¡¡to¡¡support¡¡them¡¡from¡¡one¡¡day¡¡to¡¡another£»¡¡are¡¡thrown¡¡out¡¡of¡¡work£»¡¡that¡¡the¡¡consequences¡¡of¡¡the¡¡principle¡¡of¡¡property¡¡become¡¡most¡¡frightful¡£¡¡¡¡They¡¡have¡¡not¡¡been¡¡able¡¡to¡¡economize£»¡¡they¡¡have¡¡made¡¡no¡¡savings£»¡¡they¡¡have¡¡accumulated¡¡no¡¡capital¡¡whatever¡¡to¡¡support¡¡them¡¡even¡¡one¡¡day¡¡more¡£¡¡¡¡Today¡¡the¡¡factory¡¡is¡¡closed¡£¡¡¡¡To¡­morrow¡¡the¡¡people¡¡starve¡¡in¡¡the¡¡streets¡£¡¡¡¡Day¡¡after¡¡tomorrow¡¡they¡¡will¡¡either¡¡die¡¡in¡¡the¡¡hospital£»¡¡or¡¡eat¡¡in¡¡the¡¡jail¡£

And¡¡still¡¡new¡¡misfortunes¡¡come¡¡to¡¡complicate¡¡this¡¡terrible¡¡situation¡£¡¡¡¡In¡¡consequence¡¡of¡¡the¡¡cessation¡¡of¡¡business£»¡¡and¡¡the¡¡extreme¡¡cheapness¡¡of¡¡merchandise£»¡¡the¡¡manufacturer¡¡finds¡¡it¡¡impossible¡¡to¡¡pay¡¡the¡¡interest¡¡on¡¡his¡¡borrowed¡¡capital£»¡¡whereupon¡¡his¡¡frightened¡¡creditors¡¡hasten¡¡to¡¡withdraw¡¡their¡¡funds¡£¡¡¡¡Production¡¡is¡¡suspended£»¡¡and¡¡labor¡¡comes¡¡to¡¡a¡¡standstill¡£¡¡¡¡Then¡¡people¡¡are¡¡astonished¡¡to¡¡see¡¡capital¡¡desert¡¡commerce£»¡¡and¡¡throw¡¡itself¡¡upon¡¡the¡¡Stock¡¡Exchange£»¡¡and¡¡I¡¡once¡¡heard¡¡M¡£¡¡Blanqui¡¡bitterly¡¡lamenting¡¡the¡¡blind¡¡ignorance¡¡of¡¡capitalists¡£¡¡¡¡The¡¡cause¡¡of¡¡this¡¡movement¡¡of¡¡capital¡¡is¡¡very¡¡simple£»¡¡but¡¡for¡¡that¡¡very¡¡reason¡¡an¡¡economist¡¡could¡¡not¡¡understand¡¡it£»¡¡or¡¡rather¡¡must¡¡not¡¡explain¡¡it¡£¡¡¡¡The¡¡cause¡¡lies¡¡solely¡¡in¡¡COMPETITION¡£

I¡¡mean¡¡by¡¡competition£»¡¡not¡¡only¡¡the¡¡rivalry¡¡between¡¡two¡¡parties¡¡engaged¡¡in¡¡the¡¡same¡¡business£»¡¡but¡¡the¡¡general¡¡and¡¡simultaneous¡¡effort¡¡of¡¡all¡¡kinds¡¡of¡¡business¡¡to¡¡get¡¡ahead¡¡of¡¡each¡¡other¡£¡¡¡¡This¡¡effort¡¡is¡¡to¡­day¡¡so¡¡strong£»¡¡that¡¡the¡¡price¡¡of¡¡merchandise¡¡scarcely¡¡covers¡¡the¡¡cost¡¡of¡¡production¡¡and¡¡distribution£»¡¡so¡¡that£»¡¡the¡¡wages¡¡of¡¡all¡¡laborers¡¡being¡¡lessened£»¡¡nothing¡¡remains£»¡¡not¡¡even¡¡interest¡¡for¡¡the¡¡capitalists¡£

The¡¡primary¡¡cause¡¡of¡¡commercial¡¡and¡¡industrial¡¡stagnations¡¡is£»¡¡then£»¡¡interest¡¡on¡¡capital£»that¡¡interest¡¡which¡¡the¡¡ancients¡¡with¡¡one¡¡accord¡¡branded¡¡with¡¡the¡¡name¡¡of¡¡usury£»¡¡whenever¡¡it¡¡was¡¡paid¡¡for¡¡the¡¡use¡¡of¡¡money£»¡¡but¡¡which¡¡they¡¡did¡¡not¡¡dare¡¡to¡¡condemn¡¡in¡¡the¡¡forms¡¡of¡¡house¡­rent£»¡¡farm¡­rent£»¡¡or¡¡profit£º¡¡as¡¡if¡¡the¡¡nature¡¡of¡¡the¡¡thing¡¡lent¡¡could¡¡ever¡¡warrant¡¡a¡¡charge¡¡for¡¡the¡¡lending£»¡¡that¡¡is£»¡¡robbery¡£

In¡¡proportion¡¡to¡¡the¡¡increase¡¡received¡¡by¡¡the¡¡capitalist¡¡will¡¡be¡¡the¡¡frequency¡¡and¡¡intensity¡¡of¡¡commercial¡¡crises£»the¡¡first¡¡being¡¡given£»¡¡we¡¡always¡¡can¡¡determine¡¡the¡¡two¡¡others£»¡¡and¡¡vice¡¡versa¡£¡¡¡¡Do¡¡you¡¡wish¡¡to¡¡know¡¡the¡¡regulator¡¡of¡¡a¡¡society£¿¡¡¡¡Ascertain¡¡the¡¡amount¡¡of¡¡active¡¡capital£»¡¡that¡¡is£»¡¡the¡¡capital¡¡bearing¡¡interest£»¡¡and¡¡the¡¡legal¡¡rate¡¡of¡¡this¡¡interest¡£¡¡¡¡The¡¡course¡¡of¡¡events¡¡will¡¡be¡¡a¡¡series¡¡of¡¡overturns£»¡¡whose¡¡number¡¡and¡¡violence¡¡will¡¡be¡¡proportional¡¡to¡¡the¡¡activity¡¡of¡¡capital¡£

In¡¡1839£»¡¡the¡¡number¡¡of¡¡failures¡¡in¡¡Paris¡¡alone¡¡was¡¡one¡¡thousand¡¡and¡¡sixty¡­four¡£¡¡¡¡This¡¡proportion¡¡was¡¡kept¡¡up¡¡in¡¡the¡¡early¡¡months¡¡of¡¡1840£»¡¡and£»¡¡as¡¡I¡¡write¡¡these¡¡lines£»¡¡the¡¡crisis¡¡is¡¡not¡¡yet¡¡ended¡£¡¡¡¡It¡¡is¡¡said£»¡¡further£»¡¡that¡¡the¡¡number¡¡of¡¡houses¡¡which¡¡have¡¡wound¡¡up¡¡their¡¡business¡¡is¡¡greater¡¡than¡¡the¡¡number¡¡of¡¡declared¡¡failures¡£¡¡¡¡By¡¡this¡¡flood£»¡¡we¡¡may¡¡judge¡¡of¡¡the¡¡waterspout's¡¡power¡¡of¡¡suction¡£

The¡¡decimation¡¡of¡¡society¡¡is¡¡now¡¡imperceptible¡¡and¡¡permanent£»¡¡now¡¡periodical¡¡and¡¡violent£»¡¡it¡¡depends¡¡upon¡¡the¡¡course¡¡which¡¡property¡¡takes¡£¡¡¡¡In¡¡a¡¡country¡¡where¡¡the¡¡property¡¡is¡¡pretty¡¡evenly¡¡distributed£»¡¡and¡¡where¡¡little¡¡business¡¡is¡¡done£»the¡¡rights¡¡and¡¡claims¡¡of¡¡each¡¡being¡¡balanced¡¡by¡¡those¡¡of¡¡others£»the¡¡power¡¡of¡¡invasion¡¡is¡¡destroyed¡£¡¡¡¡Thereit¡¡may¡¡be¡¡truly¡¡saidproperty¡¡does¡¡not¡¡exist£»¡¡since¡¡the¡¡right¡¡of¡¡increase¡¡is¡¡scarcely¡¡exercised¡¡at¡¡all¡£¡¡¡¡The¡¡condition¡¡of¡¡the¡¡laborersas¡¡regards¡¡security¡¡of¡¡lifeis¡¡almost¡¡the¡¡same¡¡as¡¡if¡¡absolute¡¡equality¡¡prevailed¡¡among¡¡them¡£¡¡¡¡They¡¡are¡¡deprived¡¡of¡¡all¡¡the¡¡advantages¡¡of¡¡full¡¡and¡¡free¡¡association£»¡¡but¡¡their¡¡existence¡¡is¡¡not¡¡endangered¡¡in¡¡the¡¡least¡£¡¡¡¡With¡¡the¡¡exception¡¡of¡¡a¡¡few¡¡isolated¡¡victims¡¡of¡¡the¡¡right¡¡of¡¡propertyof¡¡this¡¡misfortune¡¡whose¡¡primary¡¡cause¡¡no¡¡one¡¡perceivesthe¡¡society¡¡appears¡¡to¡¡rest¡¡calmly¡¡in¡¡the¡¡bosom¡¡of¡¡this¡¡sort¡¡of¡¡equality¡£¡¡¡¡But¡¡have¡¡a¡¡care£»¡¡it¡¡is¡¡balanced¡¡on¡¡the¡¡edge¡¡of¡¡a¡¡sword£º¡¡at¡¡the¡¡slightest¡¡shock£»¡¡it¡¡will¡¡fall¡¡and¡¡meet¡¡with¡¡death£¡

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APPENDIX¡¡TO¡¡THE¡¡FIFTH¡¡PROPOSITION¡£


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If¡¡the¡¡above¡¡speech¡¡is¡¡not¡¡an¡¡exact¡¡epitome¡¡of¡¡Charles¡¡Fourier's¡¡system£»¡¡I¡¡will¡¡subscribe¡¡to¡¡the¡¡whole¡¡phalansterian¡¡folly¡¡with¡¡a¡¡pen¡¡dipped¡¡in¡¡my¡¡own¡¡blood¡£

Of¡¡what¡¡use¡¡is¡¡it¡¡to¡¡reform¡¡industry¡¡and¡¡agriculture£»of¡¡what¡¡use£»¡¡indeed£»¡¡to¡¡labor¡¡at¡¡all£»if¡¡property¡¡is¡¡maintained£»¡¡and¡¡labor¡¡can¡¡never¡¡meet¡¡its¡¡expenses£¿¡¡¡¡Without¡¡the¡¡abolition¡¡of¡¡property£»¡¡the¡¡organization¡¡of¡¡labor¡¡is¡¡neither¡¡more¡¡nor¡¡less¡¡than¡¡a¡¡delusion¡£¡¡¡¡If¡¡production¡¡should¡¡be¡¡quadrupled£»a¡¡thing¡¡which¡¡does¡¡not¡¡seem¡¡to¡¡me¡¡at¡¡all¡¡impossible£»it¡¡would¡¡be¡¡labor¡¡lost£º¡¡if¡¡the¡¡additional¡¡product¡¡was¡¡not¡¡consumed£»¡¡it¡¡would¡¡be¡¡of¡¡no¡¡value£»¡¡and¡¡the¡¡proprietor¡¡would¡¡decline¡¡to¡¡receive¡¡it¡¡as¡¡interest£»¡¡if¡¡it¡¡was¡¡consumed£»¡¡all¡¡the¡¡disadvantages¡¡of¡¡property¡¡would¡¡reappear¡£¡¡¡¡It¡¡must¡¡be¡¡confessed¡¡that¡¡the¡¡theory¡¡of¡¡passional¡¡attraction¡¡is¡¡gravely¡¡at¡¡fault¡¡in¡¡this¡¡particular£»¡¡and¡¡that¡¡Fourier£»¡¡when¡¡he¡¡tried¡¡to¡¡harmonize¡¡the¡¡PASSION¡¡for¡¡property£»a¡¡bad¡¡passion£»¡¡whatever¡¡he¡¡may¡¡say¡¡to¡¡the¡¡contrary£»¡¡blocked¡¡his¡¡own¡¡chariot¡­wheels¡£

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