The book The Psychology of Socialism was written by author Le Bon, Gustave, 1841-1931 Here you can read free online of The Psychology of Socialism book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Psychology of Socialism a good or bad book?
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Digitized by VjOOQ IC SOURCES AND DIVISION OF WEALTH 305 2. Capital. Capital comprises all objects — merchandise, tools, plant; houseS; lands, and so forth — Shaving any negotiable value whatever. Money is only the representative symbol, the commercial unit, which serves to evaluate and exchange objects of various kinds. For the Socialists, work is the only source and measure of value. Capital would be merely a portion of unpaid vrork stolen from the worker. It would be very foolish to waste ti...me to-day in dis- cussing assertions which have been so often refuted. Capital is work, either material or intellectual, accumu- lated. It is capital that has freed man from the slavery of the Middle Ages, and above all from the slavery of nature, and which constitutes to-day the fundamental basis of all civilisation. To persecute capital would be to oblige it to vanish or to conceal itself, and at the same blow to kill industry, which it would no longer be able to support, and also to suppress wages.
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