Page:What is Property?.pdf/270

From Wikisource
Jump to navigation Jump to search
This page has been proofread, but needs to be validated.
216
WHAT IS PROPERTY?

had been interrupted always at the right moment,—nevertheless, by our laws, the last heir would be obliged to return the one hundred francs with interest, and interest on the interest; which in all would amount, as we have seen, to nearly one hundred and eight thousand billions.

Every day, fortunes are growing in our midst much more rapidly than this. The preceding example supposed the interest equal to one-twentieth of the capital,—it often equals one-tenth, one-fifth, one-half of the capital; and sometimes the capital itself.

The Fourierists—irreconcilable enemies of equality, whose partisans they regard as sharks—intend, by quadrupling production, to satisfy all the demands of capital, labor, and skill. But, should production be multiplied by four, ten, or even one hundred, property would soon absorb, by its power of accumulation and the effects of its capitalization, both products and capital, and the land, and even the laborers. Is the phalanstery to be prohibited from capitalizing and lending at interest? Let it explain, then, what it means by property.

I will carry these calculations no farther. They are capable of infinite variation, upon which it would be puerile for me to insist. I only ask by what standard judges, called upon to decide a suit for possession, fix the interest? And, developing the question, I ask,—

Did the legislator, in introducing into the Republic the principle of property, weigh all the consequences? Did he know the law of the possible? If he knew it, why is it not in the Code? Why is so much latitude allowed to the proprietor in accumulating property and charging interest,—to the judge in recognizing and fixing the domain of property,—to the State in its power to levy new taxes continually? At what point is the nation justified in repudiating the budget,