The Fundamental Fallacy of Socialism An Essay On the Question of Landownership
The Fundamental Fallacy of Socialism An Essay On the Question of Landownership
Arthur Preuss
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This springs directly from the gen- eral estimation of men based on the useful- ness of the object to satisfy some want or desire, and on the greater or lesser difficulty of obtaining it.^) Suppose a community in a certain stage of civilization, and you have 1 Cf. A. Vermeersch, S. J. , Quaestiones de Justitia. 1901, N. 336. "Vera ratio valoris. " THE SINGLE TAX 105 ipso facto certain needs and desires in that community which are to be satisfied. Now suppose, besides, various goods capable of s...atisfying those wants and desires, and also certain facilities of communication and of in- tercourse which make the exchange of dif- ferent objects in that community feasible; then, without any further exertion, labor or production, the various useful objects, whether merchandise or real estate, will, by common estimation, possess a certain ex- change value; and this value will for the selfsame unchanged object vary, decrease or increase according as the extrinsic cir- cumstances vary. To whom, then, does the exchange value of such an object be- long?
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