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the usurer's. The peasant and the handicraftsman both work as much for the capitalist as the wage worker does. The difference which private property causes in this respect between propertyless and property-owning workers, is only that the wages of the former is generally regulated according to customary requirements, while as far as the property owning workers are concerned, no such limit exists. In the case of the latter it may happen that after paying the usurer's interest nothing remains of the product of their labour—that they work for nothing, owing to private property.
If in remote places there are still peasants and handicraftsmen to be found who are not in debt, even they are compelled to pay their tribute to capital by means of the National Debt.
By interest on mortgages and goods on credit, peasants and handicraftsmen pay interest on capital they themselves have employed. By taxes raised for paying interest on the National Debt, they pay interest on capital which the State has borrowed in order to enrich at their expense their very competitors and exploitors—contractors, builders, large manufacturers, great landowners, and others. Militarism and the- National Debt, these are the two means by which the State of to-day succeeds in forcing even the remotest village into the domain of capitalist exploitation, thereby hastening the abolition of peasantry and handicraft.
What is the final result of this painful struggle against the overwhelming competition of industry on a large scale? What reward is there for the handicraftsman or peasant for his "thrift" and his "industry," that is to say for the enslavement of himself, his wife and children, for their physical and mental ruin? The reward for that is bankruptcy, entire disinheritance (expropriation is the artistic term for it), divorce from the means of production, descent into the proletariat.
That is the inevitable final result of the economic development in Society to-day, a result as inevitable as death itself, and just as death comes as a relief to the person suffering from a painful disease, so under present conditions is bankruptcy hailed with equal satisfaction by the small man as a relief from property which has become a heavy burden to him. The continued existence of petty industry leads indeed to such demoralisation and misery that we must ask ourselves the question whether we would be justified in delaying its extinction, if that were at all possible. Would it be more desirable that handicraftsmen and peasants should all sink to the position of the hand weavers of the Ore Mountains or that they should become wage workers in great industrial concerns?
This alone is to be considered when efforts are made to maintain petty enterprise, for it is impossible in this age of steam and electricity to place handicraft and small farming in a flourishing condition so that they may bring to the petty proprietor a share in modern culture. The self-supporting small concern, independent of capital, having perfect control of its means of production and of its products—this system of property holding and wealth producing, upon which in the middle ages and even so late as the seventeenth century all economic existence was based, disappears inevitably before expanding capitalism, which seizes one trade after another. What still survives in the shape of petty industry and at times even newly developes, is nothing but a hidden form of wage slavery, and by no means one of its highest forms. It becomes the last refuge of those unfortunate propertyless persons who cannot find employment in large industrial concerns, and who are too proud to beg, too honest to steal.
