Latest / The H. G. Wells Library / A Modern Utopia Chapter 3 - Utopian Economics, Sections 1-4
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- 0:00Speaker 1: Chapter three of A Modern Utopia. This is a LibriVox recording.
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- 0:16Speaker 1: by Daniel Todd. A Modern Utopia by H. G. Wells,
- 0:21Speaker 1: Chapter three, Chapter the third Utopian economics. These modern utopians,
- 0:29Speaker 1: with the universally diffuse good manners, the universal education, the
- 0:35Speaker 1: fine freedoms we shall ascribe to them. Their world unity,
- 0:39Speaker 1: world language, world wide travelings, world wide freedom of sale
- 0:45Speaker 1: and purchase, will remain mere dream stuff, incredible even by twilight,
- 0:51Speaker 1: until we have shown that at that level the community
- 0:55Speaker 1: will still sustain itself. At any rate. The common liberty
- 1:00Speaker 1: of the utopians will not embrace the common liberty to
- 1:04Speaker 1: be unserviceable. The most perfect economy of organization still leaves
- 1:10Speaker 1: the fact untouched that all order and security in a
- 1:13Speaker 1: state rests on the certainty of getting work done. How
- 1:19Speaker 1: will the work of this planet be done? What will
- 1:22Speaker 1: be the economics of a modern utopia? Now? In the
- 1:27Speaker 1: first place, a state so vast and complex as this
- 1:31Speaker 1: world utopia, and with so migratory a people will need
- 1:37Speaker 1: some handy symbol to check the distribution of services and commodities.
- 1:44Speaker 1: Almost certainly they will need to have money. They will
- 1:48Speaker 1: have money. And it is not inconceivable that, for all
- 1:52Speaker 1: his sorrowful thoughts are botanist, with his trained observation, his
- 1:57Speaker 1: habit of looking at little things upon the ground, would
- 2:00Speaker 1: be the one to see and pick up the coin
- 2:03Speaker 1: that has fallen from some wayfarer's pocket. This in our
- 2:08Speaker 1: first hour or so before we reach the inn. In
- 2:12Speaker 1: the userine tal, you figure us upon the high Gotthard
- 2:18Speaker 1: road heads together over the little disk that contrives to
- 2:23Speaker 1: tell us so much of this strange world. It is
- 2:27Speaker 1: I imagine of gold, and it will be a convenient
- 2:30Speaker 1: accident if it is sufficient to make us solvent for
- 2:34Speaker 1: a day or so, until we are a little more
- 2:37Speaker 1: informed of the economic system into which we have come.
- 2:42Speaker 1: It is moreover, of a fair round size, and the
- 2:46Speaker 1: inscription declares it one lion equal to twaindy bronze crosses.
- 2:54Speaker 1: Unless the ratio of metals is very different. Here, this
- 2:58Speaker 1: latter must be a token coin, and therefore legal tender
- 3:03Speaker 1: for but a small amount. That would be a pain
- 3:07Speaker 1: and pleasure to mister Wordsworth Donisthorpe if he were to
- 3:10Speaker 1: chance to join us. For once he planned a utopian
- 3:14Speaker 1: coinage footnote a system of measures by Wordsworth Donisthorpe, and
- 3:21Speaker 1: the words lion and cross are his. But a token
- 3:26Speaker 1: coinage and legal tender he cannot abide. They make him argue,
- 3:32Speaker 1: and being in utopia that unfamiliar Twindy suggests at once
- 3:38Speaker 1: we have come upon that most utopian of all things,
- 3:42Speaker 1: A duodecimal system of counting. My author's privilege of details
- 3:48Speaker 1: serves me here. This lion is distinctly a beautiful coin,
- 3:54Speaker 1: admirably made, with its value in fine clear letters circling
- 3:59Speaker 1: the obbs side and a head thereon of Newton as
- 4:03Speaker 1: I live, one detects American influence here each year, as
- 4:09Speaker 1: we shall find, each denomination of coins celebrates asentinery. The
- 4:16Speaker 1: reverse shows the universal goddess of the utopian coinage, peace,
- 4:21Speaker 1: as a beautiful woman reading with a child out of
- 4:25Speaker 1: a great book, and behind them are stars and an
- 4:29Speaker 1: hourglass halfway run. Very human. These utopians, after all, are not,
- 4:36Speaker 1: by any means above the obvious in their symbolism. So
- 4:41Speaker 1: for the first time we learn definitely of the world state,
- 4:45Speaker 1: and we get our first clear hint too that there
- 4:49Speaker 1: is an end to kings. But our coin raises other issues. Also.
- 4:55Speaker 1: It would seem that this utopia has no simple community
- 4:59Speaker 1: of goods, that there is at any rate a restriction
- 5:04Speaker 1: upon what one may take, a need for evidences of
- 5:08Speaker 1: equivalent value, a limitation to human credit. It dates so
- 5:17Speaker 1: much of this present utopia of ours dates those former
- 5:21Speaker 1: utopists were bitterly against gold. You will recall the undignified
- 5:27Speaker 1: use Sir Thomas More would have us put it to,
- 5:30Speaker 1: and how there was no money at all in the
- 5:33Speaker 1: Republic of Plato, and in that later community for which
- 5:37Speaker 1: he wrote his laws, an iron coinage of austere appearance
- 5:42Speaker 1: and doubtful efficacy. It may be these great gentlemen were
- 5:48Speaker 1: a little hasty with a complicated difficulty, and not a
- 5:52Speaker 1: little unjust to a highly respectable element. Gold is abused
- 6:00Speaker 1: and made into vessels of dishonor, and abolished from ideal society,
- 6:06Speaker 1: as though it were the cause instead of the instrument
- 6:09Speaker 1: of human baseness. But indeed there is nothing bad in gold.
- 6:16Speaker 1: Making gold into vessels of dishonor and banishing it from
- 6:22Speaker 1: the state is punishing the hatchet for the murderous crime money.
- 6:28Speaker 1: Did you but use it right is a good thing
- 6:31Speaker 1: in life, a necessary thing in civilized human life, as complicated,
- 6:38Speaker 1: indeed for its purposes, but as natural a growth as
- 6:43Speaker 1: the bones in a man's wrist. And I do not
- 6:47Speaker 1: see how one can imagine anything at all worthy of
- 6:51Speaker 1: being called a civilization without it. It is the water
- 6:56Speaker 1: of the body social It distributes and receives, and renders
- 7:01Speaker 1: growth and assimilation and movement and recovery possible. It is
- 7:07Speaker 1: the reconciliation of human interdependence with liberty. What other device
- 7:15Speaker 1: will give a man so great a freedom, with so
- 7:19Speaker 1: strong an inducement to effort. The economic history of the
- 7:23Speaker 1: world where it is not the history of the theory
- 7:26Speaker 1: of property, is very largely the record of the abuse
- 7:32Speaker 1: not so much of money as of credit devices to
- 7:36Speaker 1: supplement money to amplify the scope of this most precious invention,
- 7:41Speaker 1: And no device of labour credits footnote Edward Bellamy's Looking Backwards,
- 7:48Speaker 1: Chapter ten or three, demand of commodities from a central
- 7:52Speaker 1: store footnote More's Utopia and Cabet's Ecaria, or the like,
- 8:00Speaker 1: has ever been suggested that does not give ten thousand
- 8:04Speaker 1: times more scope for that inherent moral dross in man
- 8:08Speaker 1: that must be reckoned. Within any sane utopia we may
- 8:12Speaker 1: design and plan. Heaven knows where progress may not end.
- 8:17Speaker 1: But at any rate, this developing state into which we
- 8:21Speaker 1: two men have fallen, this twentieth century utopia, has still
- 8:26Speaker 1: not passed beyond money and the use of coins. Two. Now,
- 8:32Speaker 1: if this utopian world is to be in some degree
- 8:37Speaker 1: parallel to contemporary thought, it must have been concerned. It
- 8:42Speaker 1: may still be concerned with many unsettled problems of currency,
- 8:47Speaker 1: and with the problems that center about a standard of value.
- 8:52Speaker 1: Gold is perhaps, of all material substances, the best adapted
- 8:57Speaker 1: to the monetary purpose. But even at that best, it
- 9:02Speaker 1: falls far short of any imaginable ideal. It undergoes spasmodic
- 9:08Speaker 1: and irregular cheapening through new discoveries of gold, and at
- 9:13Speaker 1: any time it may undergo very extensive and sudden disastrous
- 9:18Speaker 1: depreciation through the discovery of some way of transmuting less
- 9:23Speaker 1: valuable elements. This liability to such depreciations introduces an undesirable
- 9:31Speaker 1: speculative element into the relations of debtor and creditor, When
- 9:37Speaker 1: on one hand, there is for a time a check
- 9:40Speaker 1: in the increase of available stores of gold, or an
- 9:44Speaker 1: increase in the energy applied to social purposes, or a
- 9:48Speaker 1: checking of public security that would impede the free exchange
- 9:52Speaker 1: of credit and necessate a more frequent production of gold.
- 9:56Speaker 1: In evidence, then there comes an undue appreciation of money
- 10:01Speaker 1: as against the general commodities of life, and an automatic
- 10:06Speaker 1: impoverishment of the citizens in general as against the creditor class.
- 10:13Speaker 1: The common people are mortgaged in the bondage of debt,
- 10:16Speaker 1: and on the other hand, an unexpected spate of goal
- 10:20Speaker 1: production and the discovery of a single nugget ats Biggert
- 10:24Speaker 1: Saint pause. Let us say, a quite possible thing would
- 10:28Speaker 1: result in a sort of jail delivery of debtors and
- 10:32Speaker 1: a financial earthquake. It has been suggested by an ingenious
- 10:36Speaker 1: thinker that it is possible to use as a standard
- 10:39Speaker 1: of monetary value no substance whatever, but instead force, and
- 10:45Speaker 1: that value might be measured in units of energy. An
- 10:49Speaker 1: excellent development this in theory, at any rate, of the
- 10:53Speaker 1: general idea of the modern state as kinetic and not static.
- 10:59Speaker 1: It throws the old eye idea of the social order
- 11:01Speaker 1: and the new into the sharpest antithesis. The old order
- 11:06Speaker 1: is presented as a system of institutions and classes ruled
- 11:11Speaker 1: by men of substance, the new of enterprises and interests
- 11:17Speaker 1: led by men of power. Now I glance at this
- 11:20Speaker 1: matter in the most incidental manner as a man may
- 11:24Speaker 1: skim through a specialist exposition in a popular magazine. You
- 11:29Speaker 1: must figure me therefore, finding from a casual periodical paper
- 11:34Speaker 1: in our inn, with a certain surprise at not having
- 11:37Speaker 1: anticipated as much the utopian self of that same ingenious person,
- 11:43Speaker 1: quite conspicuously a leader of thought and engaged in organizing
- 11:49Speaker 1: the discussion of the currency changes Utopia has under consideration.
- 11:55Speaker 1: The article, as it presents itself to me, contains a
- 11:59Speaker 1: complete and lucid, though occasionally rather technical, explanation of his
- 12:04Speaker 1: newest proposals. They have been published, it seems, for general criticism,
- 12:10Speaker 1: and one gathers that in the modern Utopia, the administration
- 12:15Speaker 1: presents the most elaborately detailed schemes of any proposed alteration
- 12:19Speaker 1: in law or custom, some time before any measure is
- 12:23Speaker 1: taken to carry into effect, and the possibilities of every
- 12:28Speaker 1: detail are acutely criticized, flaws anticipated, side issues raised, and
- 12:34Speaker 1: the whole minutely tested and find down by a planetful
- 12:38Speaker 1: of critic before the actual process of legislation begins. The
- 12:44Speaker 1: explanation of these proposals involves an anticipatory glance at the
- 12:49Speaker 1: local administration of modern utopia. To any one who has
- 12:54Speaker 1: watched the development of technical science during the last decade
- 12:59Speaker 1: or so, there will be no shock in the idea
- 13:02Speaker 1: that a general consolidation of a great number of common
- 13:05Speaker 1: public services over areas of considerable size is now not
- 13:10Speaker 1: only practicable but very desirable. In a little while, heating
- 13:15Speaker 1: and lighting, and the supply of power for domestic and
- 13:19Speaker 1: industrial purposes, and for urban and interurban communications will all
- 13:24Speaker 1: be managed electrically from common generating stations, And the trend
- 13:29Speaker 1: of political and social speculation points decidedly to the conclusion that,
- 13:36Speaker 1: so soon as it passes out of the experimental stage,
- 13:40Speaker 1: the supply of electrical energy, just like drainage and the
- 13:44Speaker 1: supply of water, will fall to the local authority. Moreover,
- 13:50Speaker 1: the local authority will be the universal landowner. Upon that point,
- 13:55Speaker 1: so extreme an individualist as Herbert Spencer was in agreement
- 14:01Speaker 1: with the socialist in utopia, we conclude that whatever other
- 14:08Speaker 1: types of property may exist, all natural sources of force,
- 14:13Speaker 1: and indeed all strictly natural products coal, water, power, and
- 14:19Speaker 1: the like, are inaliably vested in the local authorities, which,
- 14:25Speaker 1: in order to secure the maximum of convenience and administrative efficiency,
- 14:32Speaker 1: will probably control areas as large as sometimes half of England.
- 14:38Speaker 1: They will generate electricity by water power, by combustion, by
- 14:44Speaker 1: wind or tide, or whatever other natural force is available,
- 14:49Speaker 1: and this electricity will be devoted, some of it to
- 14:53Speaker 1: the authority's lighting and other public works, some of it
- 14:58Speaker 1: as a subsidy to the World State authority, which controls
- 15:03Speaker 1: the high roads, the Great Railways, the inns, and other
- 15:07Speaker 1: apparatus of world communication. And the rest will pass on
- 15:13Speaker 1: to private individuals or to distributing companies at a uniform
- 15:18Speaker 1: fixed rate for private lighting and heating, for machinery and
- 15:23Speaker 1: industrial applications of all sorts. Such an arrangement of affairs
- 15:29Speaker 1: will necessarily involve a vast amount of bookkeeping between the
- 15:34Speaker 1: various authorities, the World State government, and the customers, and
- 15:40Speaker 1: this bookkeeping will naturally be done most conveniently in units
- 15:45Speaker 1: of physical energy. It is not incredible that the assessment
- 15:51Speaker 1: of the various local administrations for the central World Government
- 15:57Speaker 1: will be already calculated upon the estimated total of energy
- 16:03Speaker 1: periodically available in each locality, and booked and spoken of
- 16:09Speaker 1: in these physical units. Accounts between central and local governments
- 16:15Speaker 1: could be kept in these terms. Moreover, one may imagine
- 16:21Speaker 1: utopian local authorities making contracts in which payment would be
- 16:27Speaker 1: no longer in coinage upon the gold basis, but in
- 16:31Speaker 1: notes good for so many thousands of millions of units
- 16:34Speaker 1: of energy at one or other of the generating stations. Now,
- 16:41Speaker 1: the problems of economic theory will have undergone an enormous
- 16:46Speaker 1: clarification if, instead of measuring in fluctuating money values, the
- 16:53Speaker 1: same scale of energy units can be extended to their discussion.
- 16:58Speaker 1: If in fact, the idea of trade could be entirely
- 17:01Speaker 1: eliminated in my utopia. At any rate this has been done,
- 17:08Speaker 1: the production and distribution of common commodities have been expressed
- 17:13Speaker 1: as a problem in the conversion of energy, And the
- 17:17Speaker 1: scheme that Utopia was now discussing was the application of
- 17:22Speaker 1: this idea of energy as a standard of value to
- 17:25Speaker 1: the entire utopian coinage. Everyone of those giant local authorities
- 17:33Speaker 1: was to be free to issue energy notes against the
- 17:36Speaker 1: security of its surplus of saleable available energy, and to
- 17:42Speaker 1: make all its contracts for payment in those notes up
- 17:46Speaker 1: to a certain maximum defined by the amount of energy
- 17:50Speaker 1: produced and disposed of in that locality in the previous year.
- 17:57Speaker 1: This power of issue was to be renewed just as
- 18:00Speaker 1: rapidly as the notes came in for redemption. In a
- 18:05Speaker 1: world without boundaries, with a population largely migratory and emancipated
- 18:12Speaker 1: from locality, the price of the energy notes of these
- 18:15Speaker 1: various local bodies would constantly tend to be uniform, because
- 18:21Speaker 1: employment would constantly shift into the areas where energy was cheap. Accordingly,
- 18:29Speaker 1: the price of so many millions of units of energy
- 18:32Speaker 1: at any particular moment in coins of the gold currency
- 18:36Speaker 1: would be approximately the same throughout the world. It was
- 18:41Speaker 1: proposed to select some particular day when the economic atmosphere
- 18:47Speaker 1: was distinctly equable, and to declare a fixed ratio between
- 18:53Speaker 1: the gold coinage and the energy notes, each gold lion
- 18:58Speaker 1: and each line of credit represent presenting exactly the number
- 19:02Speaker 1: of energy units it could buy on that day. The
- 19:07Speaker 1: old gold coinage was at once to seize to be
- 19:11Speaker 1: legal tender beyond certain defined limits, except to the central government,
- 19:16Speaker 1: which would not reissue it as it came in. It was,
- 19:21Speaker 1: in fact to become a temporary token coinage, a token
- 19:26Speaker 1: coinage of full value for the day of conversion at
- 19:29Speaker 1: any rate, if not afterwards under the new standard of energy,
- 19:34Speaker 1: and to be replaceable by an ordinary token coinage. As
- 19:39Speaker 1: time went on. The old computation by lions and the
- 19:44Speaker 1: value of the small change of daily life were therefore
- 19:49Speaker 1: to suffer no disturbance whatever. The economists of Utopia, as
- 19:56Speaker 1: I apprehended them, had a different method and an a
- 20:00Speaker 1: different system of theories from those I read on Earth,
- 20:05Speaker 1: and this makes my exposition considerably more difficult. This article
- 20:11Speaker 1: upon which I base my account floated before me in
- 20:15Speaker 1: an unfamiliar, perplexing and dreamlike phraseology. Yet I brought away
- 20:23Speaker 1: an impression that here was a rightness that earthly economists
- 20:28Speaker 1: have failed to grasp. Few earthly economists have been able
- 20:33Speaker 1: to disentangle themselves from patriotisms and politics, and their obsession
- 20:41Speaker 1: has always been international trade. Here in Utopia, the world
- 20:46Speaker 1: state cuts that away from beneath their feet. There are
- 20:50Speaker 1: no imports but meteorites, and no exports at all. Trading
- 20:56Speaker 1: is the earthly economist's initial notion, and they start from
- 21:01Speaker 1: perplexing and insoluble riddles about exchange value, insoluble because of
- 21:08Speaker 1: all trading. Finally, involves in individual preferences, which are incalculable
- 21:13Speaker 1: and unique. Nowhere do they seem to be handling the
- 21:19Speaker 1: really defined standards. Every economic dissertation and discussion reminds one
- 21:27Speaker 1: more strongly than the last of the game of croque
- 21:31Speaker 1: alice played in Wonderland, when the mallets were flamingos, and
- 21:37Speaker 1: the balls were hedgehogs and crawled away, and hoops were
- 21:42Speaker 1: soldiers and kept getting up and walking about. But economics
- 21:48Speaker 1: in utopia must be, it seems to me, not a
- 21:51Speaker 1: theory of trading based on bad psychology, but physics applied
- 21:57Speaker 1: to problems in the theory of sociology. The general problem
- 22:02Speaker 1: of utopian economics is to state the conditions of the
- 22:05Speaker 1: most efficient application of the steadily increasing quantities of material
- 22:12Speaker 1: energy the progress of science makes available for human service
- 22:17Speaker 1: to the general needs of mankind. Human labour and existing
- 22:24Speaker 1: material are dealt with in relation to that. Trading and
- 22:29Speaker 1: relative wealth are merely episodical in such a scheme. The
- 22:35Speaker 1: trend of the article I read as I understood it
- 22:39Speaker 1: was that a monetary system based upon a relatively small
- 22:43Speaker 1: amount of gold, upon which the business of the whole
- 22:46Speaker 1: world had hitherto been done fluctuated unreasonably, and supplied no
- 22:52Speaker 1: real criterion of well being. That the nominal values of
- 22:56Speaker 1: things and enterprises had no clear and simil relation to
- 23:00Speaker 1: the real physical prosperity of the community. That the nominal
- 23:05Speaker 1: wealth of a community in millions of pounds or dollars
- 23:08Speaker 1: on lions measures nothing but the quantity of hope in
- 23:11Speaker 1: the air, And an increase of confidence meant an inflation
- 23:14Speaker 1: of credit and a pessimistic phase, a collapse of the
- 23:18Speaker 1: hallucination of possessions. The new standards, this advocate reasoned, were
- 23:25Speaker 1: to alter all that, and it seemed to me they would.
- 23:30Speaker 1: I have tried to indicate the drift of these remarkable proposals,
- 23:35Speaker 1: but about them clustered an elaborate mass of keen and
- 23:39Speaker 1: temperate discussion. Into the details of that discussion I will
- 23:44Speaker 1: not enter now, Nor am I sure I am qualified
- 23:48Speaker 1: to render the multitudinous aspect of this complicated question at all. Precisely,
- 23:55Speaker 1: I read the whole thing in the course of an
- 23:58Speaker 1: hour or two of rest after lunch. It was either
- 24:02Speaker 1: the second or third day of my stay in Utopia,
- 24:06Speaker 1: and we were sitting in a little inn at the
- 24:08Speaker 1: end of the lake of Yuri. We had loitered there,
- 24:12Speaker 1: and I had fallen reading because of a shower of rain.
- 24:17Speaker 1: But certainly, as I read it, the proposition struck me
- 24:21Speaker 1: as a singularly simple and attractive one, and its exposition
- 24:26Speaker 1: opened out to me for the first time clearly in
- 24:30Speaker 1: a comprehensive outline the general conception of the economic nature
- 24:36Speaker 1: of the utopian state. Chapter three, The difference between the
- 24:44Speaker 1: social and economic science as they exist in our world footnote,
- 24:51Speaker 1: but see Gidding's Principles of Sociology, a modern and richly
- 24:55Speaker 1: suggested American work imperfectly appreciated by the is student. See
- 25:02Speaker 1: also Walter Baghart's Economic Studies. And in this utopia deserves
- 25:08Speaker 1: perhaps a word or so more. I write with the
- 25:11Speaker 1: utmost diffidence, because upon Earth economic science has been raised
- 25:17Speaker 1: to a very high level of tortuous abstraction by the
- 25:21Speaker 1: industry of its professors, and I can claim neither a
- 25:26Speaker 1: patient student's intimacy with their productions, nor what is more serious,
- 25:33Speaker 1: anything but the most generalized knowledge of what their utopian
- 25:38Speaker 1: equivalents have achieved. The vital nature of economic issues to
- 25:43Speaker 1: a utopia necessitates, However, some attempts at interpretation between the two.
- 25:51Speaker 1: In utopia, there is no distinct and separate science of economics.
- 25:57Speaker 1: Many problems that we should regard economic come within the
- 26:02Speaker 1: scope of utopian psychology. My Utopians make two divisions of
- 26:08Speaker 1: the science of psychology, first the general psychology of individuals,
- 26:15Speaker 1: a sort of mental physiology separated by no definite line
- 26:21Speaker 1: from physiology proper, And secondly, the psychology of relationships between individuals.
- 26:30Speaker 1: This second is an exhaustive study of the reaction of
- 26:35Speaker 1: people upon each other and of all possible relationships. It
- 26:41Speaker 1: is a science of human aggregations, of possible family groupings,
- 26:46Speaker 1: of neighbours and neighborhood, of companies, associations, unions, secret and
- 26:53Speaker 1: public societies, religious groupings and common ends, and intercourse, and
- 27:00Speaker 1: of the methods of intercourse and collective decision that hold
- 27:04Speaker 1: human groups together. And finally, of government and the state.
- 27:10Speaker 1: The elucidation of economic relationships, depending as it does on
- 27:15Speaker 1: the nature of the hypothesis of human aggregation actually in
- 27:19Speaker 1: operation at any time, is considered to be subordinate and
- 27:24Speaker 1: subsequent to this. General science of sociology, political economy, and
- 27:31Speaker 1: economics in our world now consists of a hopeless muddle
- 27:36Speaker 1: of social assumptions and preposterous psychology, and a few geographical
- 27:43Speaker 1: and physical generalizations. Its ingredients will be classified out and
- 27:49Speaker 1: widely separated. In utopian thought. On the one hand, there
- 27:55Speaker 1: will be a study of physical economies, ending in the
- 27:59Speaker 1: disas descriptive treatment of society as an organization for the
- 28:05Speaker 1: conversion of all the available energy in nature to the
- 28:09Speaker 1: material ends of mankind, a physical sociology which will be
- 28:16Speaker 1: already at such a stage of practical development as to
- 28:20Speaker 1: be giving the world this token coinage representing energy. And
- 28:25Speaker 1: on the other there will be the study of economic
- 28:28Speaker 1: problems as problems in the division of labour, having regard
- 28:32Speaker 1: to a social organization whose main ends are reproduction and
- 28:38Speaker 1: education in an atmosphere of personal freedom. Each of these inquiries,
- 28:46Speaker 1: working unencumbered by the other, will be continually contributing fresh,
- 28:52Speaker 1: valid conclusions for the use of the practical administrator. In
- 28:58Speaker 1: no region of intellectual activity will our hypothesis of freedom
- 29:03Speaker 1: from tradition be of more value in devising a utopia
- 29:07Speaker 1: than here. From its beginning, the earthly study of economics
- 29:13Speaker 1: has been infertile and unhelpful because of the mass of
- 29:18Speaker 1: unanalyzed and scarcely suspected assumption upon which it rested. The
- 29:27Speaker 1: facts were ignored, that trade is a byproduct and not
- 29:30Speaker 1: an essential factor in social life. That property is a
- 29:35Speaker 1: plastic and fluctuating convention. That value is capable of impersonal
- 29:41Speaker 1: treatment only in the case of the most generalized requirements.
- 29:47Speaker 1: Wealth was measured by the standards of exchange. Society was
- 29:53Speaker 1: regarded as a practically unlimited number of avarigious adult units,
- 30:00Speaker 1: incapable of any other subordinate groupings than business partnerships, and
- 30:07Speaker 1: the sources of competition were assumed to be inexhaustible. Upon
- 30:13Speaker 1: such quicksands rose an edifice that aped the securities of
- 30:18Speaker 1: material science, developed a technical jargon, and professed the discovery
- 30:24Speaker 1: of laws. Our liberation from these false presumptions, through the
- 30:30Speaker 1: rhetoric of Carlyle and Ruskin and the activities of the socialists,
- 30:36Speaker 1: is more apparent than real. The old edifice oppresses us,
- 30:41Speaker 1: still repaired and altered by indifferent builders, underpinned in places,
- 30:48Speaker 1: and with a slight change of name, Political economy has
- 30:54Speaker 1: been painted out, and instead we read economics under entirely
- 30:59Speaker 1: new management. Modern economics differs mainly from old political economy
- 31:05Speaker 1: in having produced no Adam Smith. The old political economy
- 31:10Speaker 1: made certain generalizations, and they were mostly wrong. New economics
- 31:16Speaker 1: evades generalizations and seems to lack the intellectual power to
- 31:22Speaker 1: make them. The science hangs like a gathering fog in
- 31:27Speaker 1: a valley, a fog which begins nowhere and goes nowhere,
- 31:32Speaker 1: an incidental unmeaning inconvenience to passers by. Its most typical
- 31:38Speaker 1: exponents display a disposition to disavow generalizations altogether, to claim
- 31:46Speaker 1: consideration as experts, and to make immediate political application of
- 31:51Speaker 1: that conceded claim. Now Newton, Darwin, Dalton, Davy, Jewel, and
- 31:58Speaker 1: Adam Smith did not affect this expert hanky panky, becoming
- 32:04Speaker 1: enough in a hair dresser or a fashionable physician, but
- 32:09Speaker 1: indecent in a philosopher or a man of science. In
- 32:14Speaker 1: this state of impotent expertness, however, or in some equally
- 32:18Speaker 1: unsound state, economics must struggle on a science that is
- 32:24Speaker 1: no science, a floundering law, wallowing in a mud of statistics,
- 32:30Speaker 1: until either the study of the material organization of production
- 32:36Speaker 1: on the one hand, as a development of physics and geography,
- 32:40Speaker 1: or the study of social aggregation on the other renders
- 32:45Speaker 1: enduring foundations possible. Chapter four. The old utopias were all
- 32:51Speaker 1: relatively small state. Plato's republic, for example, was to be
- 32:56Speaker 1: smaller than the average English borough, and no distinction was
- 33:01Speaker 1: made between the family, the local government, and the state.
- 33:06Speaker 1: Plato and Campanella, for all that the latter was a
- 33:11Speaker 1: Christian priest, carried communism to its final point and prescribed
- 33:17Speaker 1: even a community of husbands and wives, an idea that
- 33:22Speaker 1: was brought at last to the test of effectual experiment
- 33:26Speaker 1: in the Oneida community of New York State eighteen forty
- 33:30Speaker 1: eight eighteen seventy nine. This latter body did not long
- 33:35Speaker 1: survive its founder, at least as a veritable communism, by
- 33:41Speaker 1: reason of the insurgent individualism of its vigorous sons. More too,
- 33:48Speaker 1: denied privacy and ruled an absolute community of goods at
- 33:53Speaker 1: any rate, and so coming to the Victorian utopias de
- 33:57Speaker 1: cabe but Cabet's communism was one of the free store type,
- 34:02Speaker 1: and the goods were yours only after you had requisitioned them.
- 34:08Speaker 1: That seems the case in the nowhere of Morris. Also,
- 34:11Speaker 1: compared with the older writers, Bellamy and Morris have a
- 34:16Speaker 1: vivid sense of individual separation, and their departure from the
- 34:22Speaker 1: old homogeneity is sufficiently marked to justify a doubt whether
- 34:29Speaker 1: there will be any more thoroughly communist utopias forever. A
- 34:36Speaker 1: utopia such as this present one, written in the opening
- 34:40Speaker 1: of the twentieth century, and after the most exhaustive discussion
- 34:45Speaker 1: nearly a century long between communist and socialistic ideas on
- 34:49Speaker 1: the one hand and individualism on the other, emerges upon
- 34:55Speaker 1: a sort of effectual conclusion to those controversies. The two
- 35:01Speaker 1: parties have so chipped and amended each other's initial propositions that, indeed,
- 35:07Speaker 1: except for the labels still fluttering adhesive to the implicated men,
- 35:12Speaker 1: it is hard to choose between them. Each side established
- 35:16Speaker 1: a good many propositions, and we profit by them. All.
- 35:21Speaker 1: We of the succeeding generation can see quite clearly that
- 35:25Speaker 1: for the most part, the heat and zeal of these
- 35:28Speaker 1: discussions arose in the confusion of a quantitative for a
- 35:33Speaker 1: qualitative question. To the onlooker, both individualism and socialism are
- 35:41Speaker 1: in the absolute absurdities. The one would make men the
- 35:46Speaker 1: slaves of the violent or rich, the other the slaves
- 35:51Speaker 1: of the state official. And the way of sanity runs,
- 35:56Speaker 1: perhaps even sinuously down the intervening valley. Happily the dead
- 36:02Speaker 1: past buries its dead, and it is not our function
- 36:06Speaker 1: now to adjudicate the preponderance of victory. In the very days,
- 36:13Speaker 1: when our political and economic order is becoming steadily more socialistic,
- 36:19Speaker 1: our ideals of intercourse turn more and more to a
- 36:23Speaker 1: fuller recognition of the claims of individuality. The state is
- 36:29Speaker 1: to be progressive, it is no longer to be static,
- 36:33Speaker 1: and this alters the general condition of the utopian problem profoundly.
- 36:39Speaker 1: We have to provide not only for food and clothing,
- 36:44Speaker 1: for order and health, but for initiative. The factor that
- 36:48Speaker 1: leads the world's state on from one phase of development
- 36:52Speaker 1: to the next is the interplay of individualities. To speak teleologically,
- 37:00Speaker 1: the world exists for the sake of and through initiative,
- 37:05Speaker 1: and individuality is the method of initiative. Each man and woman,
- 37:12Speaker 1: to the extent that his or her individuality is marked,
- 37:18Speaker 1: breaks the law of precedent, transgresses the general formula, and
- 37:23Speaker 1: makes a new experiment for the direction of the life force.
- 37:29Speaker 1: It is impossible, therefore for the stake, which represents all
- 37:33Speaker 1: and is preoccupied by the average, to make effectual experiments
- 37:39Speaker 1: and intelligent innovations, and so supply the essential substance of life.
- 37:47Speaker 1: As against the individual, the state represents the species. In
- 37:52Speaker 1: the case of the utopian world state, it absolutely represents
- 37:57Speaker 1: the species. The individual emerges from the species, makes his experiment,
- 38:04Speaker 1: and either fails, dies and comes to an end, or
- 38:09Speaker 1: succeeds and impresses himself in offspring in consequences and results intellectual, material,
- 38:17Speaker 1: and moral upon the world. Biologically, the species is the
- 38:22Speaker 1: accumulation of the experiments of all its successful individuals since
- 38:27Speaker 1: the beginning, and the world state of the modern utopist will,
- 38:32Speaker 1: in its economic aspect, be a compendion of established economic
- 38:38Speaker 1: experience about which individual enterprise will be continually experimenting, either
- 38:46Speaker 1: to fail and pass or to succeed and at last
- 38:50Speaker 1: become incorporated with the undying organism of the world's state.
- 38:56Speaker 1: This organism is the universal rule, the common restriction, the
- 39:02Speaker 1: rising level platform on which individualities stand. The world state,
- 39:08Speaker 1: in this ideal, presents itself as the sole landowner of
- 39:12Speaker 1: the earth, with the great local governments. I have adumbrated
- 39:17Speaker 1: the local municipalities holding, as it were, feudally under it
- 39:22Speaker 1: as landlords. The state or these subordinates hold all the
- 39:28Speaker 1: sources of energy, and either directly or through its tenants,
- 39:33Speaker 1: farmers and agents, develops these sources and renders the energy
- 39:38Speaker 1: available for the work of life. It or its tenants
- 39:43Speaker 1: will produce food and so human energy, and the exploitation
- 39:48Speaker 1: of coal and electric power, and the powers of wind
- 39:52Speaker 1: and wave and water will be within its right. It
- 39:56Speaker 1: will pour out this energy by assignment and lee, and
- 40:00Speaker 1: acquiresance and what not upon its individual citizens. It will
- 40:05Speaker 1: maintain order, maintain roads, maintain a cheap and efficient administration
- 40:12Speaker 1: of justice. Maintain cheap and rapid locomotion, and be the
- 40:17Speaker 1: common carrier of the planet. Convey and distribute labour, control,
- 40:23Speaker 1: let or administer all natural productions. Pay for and secure
- 40:28Speaker 1: healthy births and a healthy and vigorous new generation. Maintain
- 40:33Speaker 1: the public health, coin money and sustain standards of measurements.
- 40:38Speaker 1: Subsidize research and reward such commercially unprofitable undertakings as benefit
- 40:45Speaker 1: the community as a whole. Subsidize when needful chairs of
- 40:49Speaker 1: criticism and authors and publication, and collect and distribute information.
- 40:55Speaker 1: The energy developed and the employment afforded by the state
- 41:00Speaker 1: will descend like walker that the sun has sucked out
- 41:03Speaker 1: of the sea to fall upon a mountain range, and
- 41:07Speaker 1: back to the sea again. It will come at last,
- 41:11Speaker 1: debouching in ground rent and royalty and license fees, in
- 41:15Speaker 1: the fees of travelers, and profit upon carrying, and coinage,
- 41:20Speaker 1: and the like, in death, duty, transferred, tax, legacy, and forfeiture.
- 41:27Speaker 1: Returning to the sea, between the clouds and the sea,
- 41:31Speaker 1: it will run as a river system down through a
- 41:34Speaker 1: great region of individual enterprise and interplay, whose freedom it
- 41:39Speaker 1: will sustain. In that immediate region between the kindred heights
- 41:44Speaker 1: and deeps, those beginnings and promises will arise that are
- 41:48Speaker 1: the essential significance, the essential substance of life. From our
- 41:55Speaker 1: human point of view, the mountains and sea are for
- 41:58Speaker 1: the habitable lands that lie between. So likewise, the state
- 42:03Speaker 1: is for individualities. The state is for individuals. The law
- 42:09Speaker 1: is for freedoms. The world is for experiment, experience, and change.
- 42:15Speaker 1: These are fundamental beliefs upon which a modern utopia must go.
- 42:22Speaker 1: End of Chapter three, Utopian Economics, Sections one to four.
- 42:28Speaker 1: Recording by Daniel Todd