What Social Classes Owe to Each Other
William Graham Sumner - 1883
Capital is only formed by self-denial, and if the possession of it did not secure advantages and superiorities of a high order men would never submit to what is necessary to get it. The first accumulation costs by far the most, and the rate of increase by profits at first seems pitiful. Among the metaphors which partially illustrate capital--all of which, however, are imperfect and inadequate--the snow-ball is useful to show some facts about capital. Its first accumulation is slow, but as it proceeds the accumulation becomes rapid in a high ratio, and the element of self-denial declines. This fact, also, is favorable to the accumulation of capital, for if the self-denial continued to be as great per unit when the accumulation had become great, there would speedily come a point at which further accumulation would not pay. The man who has capital has secured his future, won leisure which he can employ in winning secondary objects of necessity and advantage, and emancipated himself from those things in life which are gross and belittling. The possession of capital is, therefore, an indispensable prerequisite of educational, scientific, and moral goods. This is not saying that a man in the narrowest circumstances may not be a good man. It is saying that the extension and elevation of all the moral and metaphysical interests of the race are conditioned on that extension of civilization of which capital is the prerequisite, and that he who has capital can participate in and move along with the highest developments of his time. Hence it appears that the man who has his self-denial before him, however good may be his intention, cannot be as the man who has his self-denial behind him. Some seem to think that this is very unjust, but they get their notions of justice from some occult source of inspiration, not from observing the facts of this world as it has been made and exists.
The maxim, or injunction, to which a study of capital leads us is; get capital. In a community where the standard of living is high, and the conditions of production are favorable, there is a wide margin within which an individual may practice self-denial and win capital without suffering, if he has not the charge of a family. That it requires energy, courage, perseverance, and prudence is not to be denied. Any one who believes that any good thing on this earth can be got without those virtues may believe in the philosopher's stone or the fountain of youth. If there were any Utopia its inhabitants would certainly be very insipid and characterless.
No instance has yet been seen of a society composed of a class of great capitalists and a class of laborers who had fallen into a caste of permanent drudges. Probably no such thing is possible, so long as society continues to develop strong classes of merchants, financiers, professional men, and other classes. If it were conceivable that non capitalist laborers should give up struggling to become capitalists, should give way to vulgar enjoyments and passions, should recklessly increase their numbers, and should become a permanent caste, they might with some justice be called proletarians. The name has been adopted by some professed labor leaders, but it really should be considered insulting. If there were such a proletariat it would be [mired] hopelessly in the hands of a body of plutocratic capitalists, and a society so organized would, no doubt, be far worse than a society composed only of nobles and serfs, which is the worst society the world has seen in modern times.
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