human will, except insofar as it has played a part in depriving the producer of his property, is not responsible for the stoppage. It is automatic: no property, no production.[1]
This law of property functions even though the exchangeable property is offered by persons who have acquired title to it by theft, chicanery, or gift. As long as they have the unearned property at their disposal, production will continue. Since, however, such persons do not bring to the market place a replacement for the goods they take from it, merely exchanging that which the producer would have exchanged, the productive process is slowed down by the amount of their consumption. Only production begets production; mere consumption, or spending, does not stimulate output. People do not produce for money but for the things that money will buy. If spending alone could keep the market place active, then a Society consisting of profligate thieves would be in better case than one consisting entirely of producers. The idea of opulence through profligacy assumes that consumption is the fuel that keeps a full head of steam in the productive boiler and must be regulated by coercive methods; but consumption will take care of itself, men being what they are, if the productive process is not interrupted by any infringement of the moral right of property.
In the light of this principle, that the level of wages (consumption) is fixed by the level of production, and vice versa, the fact that free labor (labor permitted to enjoy its produce) is more productive than slave labor becomes self-explanatory. An "underprivileged" people is one that is regu-
- ↑ Slaves, who are denied the right to own what they produce, will produce something in excess of their consumption wages, either to avoid pain or in the expectation of an increase in wages. If the prospect of punishment or improvement is removed, the slave will produce no more than the sustenance needed for existence.
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