Mr. Joynes complains that I have not met the question of the "surplus value" of labor, which he says "is the keystone of the Socialistic argument." He does not explain upon what basis the alleged surplus value is calculated, but shelters himself behind a vague, and I submit incorrect, reference to a declaration by Mr. Hoyle, the well-known earnest temperance advocate. Mr. Joynes says that in one and a-half hours the laborer earns enough for subsistence. Mr. Hoyle's often-repeated declaration is in substance to the effect, that if the whole drink traffic of the country were abolished, and neither wines, beers, nor spirits drunk by any of the industrial classes, then that the working men could earn enough for comfort in very much less time than they now do. Mr. Joynes here entirely overlooks the substance of Mr. Hoyle's declaration, which is, in effect, that the working men do now receive, and then spend wastefully, what would keep them. I have always contended that in nearly every department of industry labor has been insufficiently paid, in some cases horribly paid, and I have claimed for the laborer higher wages, and tried to help to teach him, through trades' unions and otherwise, how to get these higher wages; but if Mr. Joynes and his friends mean anything, wages are to disappear altogether, and the State is to apportion to each a sort of equal subsistence, without regard to the skill or industry of the individual laborer, so that the skilled engineer, the unskilled hod-carrier, the street sweeper, the ploughman, and the physician, would each, in the Socialistic State, have neither less nor more than the other.
The Socialists say "the laborers on the average replace the value of their wages for the capitalist class in the first few hours of their day's work; the exchange value of the goods produced in the remaining hours of the day's work constitutes so much embodied labor which is unpaid; and this unpaid labor so embodied in articles of utility, the capitalist class, the factory owners, the farmers, the bankers, the brokers, the shopkeepers, and their hangers-on, the landlords, divide amongst themselves in the shape of profits, interests, discounts, commissions, rent, etc." But without the capitalist where would be the workshop, the plant, or the raw material? It would be better if in co-operative production workmen would be their own capitalists, but surely the owner of capital is entitled to some reward? If not how is he to be persuaded to put it into fixed capital as factory and plant? Why should he beforehand purchase raw material on which labor may be employed, subsist labor while so employed, and take the risk of loss as well as profit in exchanging the article produced? And why is not the farmer to be sustained by the laborers if that farmer grows the food the laborer requires? Why should not the shopkeeper be rewarded for bringing ready to the laborer articles which would be otherwise in the highest degree difficult to procure? If the laborer procured his own raw material, fashioned it into an exchangeable commodity, and then went and exchanged it, there are many to whom the raw material would be inaccessible, and more who would lose much of the profits of their labor in fruitless efforts to exchange. The vague declarations by the Socialist that production and exchange are to be organised are delusive without clear statement of the methods and principles of the organisation. Robert Owen is called "Utopian" by these Democratic Federation Socialists, but at least he did try to reduce to practice his theories of production and exchange. The Democratic Federation say that "surplus value" is produced by "labor applied to natural objects under the control of the capitalist class." I object that but for capital, fixed and circulating, there are many natural objects which would be utterly inaccessible to labor; many more which could only be reached and dealt with on a very limited scale. That but for capital the laborer would often be unable to exist until the object had exchangeable value, or until some one was found with an equivalent article ready to exchange, and I submit that the banker, the shopkeeper, the broker may and do facilitate the progress of labor, and would and could not do so without the incentive of profit.
