Marxism Unmasked from Delusion to Destruction.pdf 7471KB

SAVINGS. INVESTMENT. AND ECONOMIC CALCULATION
; -oplc s (hatnu. Tim was once die idea o{ all people. And it is today the
•a of the people in many councrio outside the countries of Western
v./ilizadon. It t* the idea that n no>w jeopardizing Western civilization
b\ imroduang diiferrm methodi o{ pjvemment into the consntuaons
Vk hich made powible the development o( Western cixilizanon. It vv*as also
die idea prrvailmg in most Eumpean countries unnl the rise of modern
c-ipitalism. that is. until the age very inappropriately called the
** Industrial Kevoludon."
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To show howf Mrong dm idea v^'as. I quote from ImnunucI Kant
WM). one of the mem important philosophers—but he lisrd in the
4. in Kahninicrad. then called Konig>her)c: "If one man has more than
n'.-Les«ary. another man has le«s" This is nuthenutually perfectly true, of
Course, but mathematus and economics trc rv^xt differmi things The fact
that in all those countries in which people beliesrd in this dictum
a al in which governments beliesrd thai the best u-a>- to improvr
conditiom was lo conliscjie the wealth of successhil businessmen—it w-as
n«»! necrkury to confiscate the wraith of those wlio wnr umuccessfiil—in
all those countries, it was not posuble to sjsr and imrst
If someone asked me wh\- the ancimi (*ffrrks did not lusr railnuds. I
v^tmld amwrr. "Because there w-as j tendcnto' in those das-s to confiscate
wrahh Why should people then imrsi** The (iirek philosopher Isoc rates
J.V>--3.Vi IK I) nxMl^ some speeches which *iv still as-aiUble to us. He said
I
II J wealthy cituen Mood trial in Athens he had no chance to win because
liie judges wanted to confinaie his ssralih. expecting this \\x>uld improve
I heir situation Under such lonchtions there couldn't be any c]uestion of
lirge-scale savings
Large-scale usnngs desrioped only fn>m the eiglueenth ceniur>' on.
And from that time on there desrlc»ped also those institutions which nude
^4^^ng and investment possible, not t»nlv b\ the \st11- to-do. but also of
NnuU sums bv* the poor nun In the early di\-\ the pcK>r man could save
nly b>' hcsardtng coins But cc»ins don't l>ear ms- interest, and the
Ivantage he got from his sasings was ncM srr>- great Moreosrr. it was
^langerous to hasr such small hcsards in his regular hc»me; the\' could be
^ti»len easily and the> didnt earn am-thing From the beginning of the
nineteenth century on. sve had a large-scale development that nude saving
possible for the bttud nusses
One of the characteriuic cUfferrnces bensren a capitalistic and a
pir-capitalistic sv-stem is that in the capitalistic s\-\tcin csrn those who are
not vers- urll off air owners of' savings and havr small investments. Many
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