The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-08-01
rHE LaBORER.s M ,RE.
4 Modest Socialist wsuid Give I''H the
Entire Value OF Hi- Product.

To THE EDIToR o. THE SUN 81 In
recent letter N TIN SuN on the quest on
Of socialism -Quero" asked the 49,. I'"r
nent question what constitutes an rIu.
able share OF the product ~ The Ia lsor"r. $40,
hos 10 u To he determinsd'- IN" r"rl0'>
% THE inquiry In letters from So An.'
are unsatisfactory Quero' trul
that the laborer's share will be determine.
by the relation of supply 20 demand. ant ID"
seems To- conclude that h" ~ entitled &"
verdict Tor the defendant IN the raS' H
Socialism " Capitalism.
The mere statement that tho CpUtRut'
share OF the product due IN the iaburcr all
bs determined nv supply and demand -
entirely Inadequate and una vaiIing without
= determination Of the market IN Wh''"
supply and demand are operating " vii
make all the difference In The world 80 o."
laborer whether that market ~ . ire. usrs"t
or Q monopoliZed market.
II wouId appear that an equitable share
ot the product 10 the lAborrr - .un-tt,Iiri
by what the lAhorcr can produce With all
the tolls and advantages that DO can ur".
cure In free market without for" or ir1ud
II - cont-nd@d. however. that capitalism
has destroyed the free market, and hat COZ
srouentlv the H1Or"r ohtnins much l'%s
than he other vis" would "a his part ~ ~
product This rontsntion goes to the ,crg
heart Of the case II i a--sr' =! that labor
wealth, hut " IL well known that the ,dl"r
a. q matter Of iaCt obtains toh-idega hi@
pSLtaaGh .n', M"a'm ,,n.l, A. I'M "a
teTest and profit. called the TRINITY Of u-ufv.
Three factors are essential To ,upd"rn pro
ductton. tabor land and capital ana Tor
the purpose 81 clear thinking the rcono'0l 80
divides " sslth into three parts wages -"
reward 20 labor rent. IN" rai Iuent 20,
and. and interest aud profit, ~" reward
20 capital n is declared that two Of thes-
three factors. namely, land AMI capitnl.
are nonopoliyed through special priVil"E"
and chass Legislation broug'it about ~ Nh.
power OF capitalism and the Ignorance or
the masses. and that consequently the pro
portion OF wealth that goes to nc holder,
OF tho@s 'wo factors rent and interest and
profits - unwsrranied, n"nultable aud an
II Is cSntsndsd that rent. interest and
pTont are ne results of monopoly. that q
of q der iAl OF liberty aud free competition
copyrights and tariff. the two former
directly forbldding competition, and tue
last placing competition a. q lalal dlsad-
vantage. r~n, arising from denial OF COM
petition in the shape Of land monopoly
witch vests title to land In lndiv idISlS u 30
owning users to nav trihute ~ the noi,.
using owners a. condition OF ndiut-sl"n
10 the competitive market Interest ar~ing
from q deuisl NJ competition ia ~" shane
Of money ~ 1nopoly, granting tho privileg 2"
w holders only OF certain KIND OF pTopcrt~
OF issuing circulating mediums or currency
notes and thereby compelling all holders
OF other kinds Of property not ~ privileged
and ell non proprIetors Ia pa' trihut" y"
the holders Of the privilsg sd property for
inc Use of q circulating medium and insiru-
tnant OF credit which IN the compiler STAG"
that industry and commerce hav" now
reached has become the cher essential
OF competitive market
The market - not free 10 the laNorer, fn-
he cannot procure IN fatr and ~ompe'i'tve
terms the two factors land and capital.
that are absolutely essential TO modem
industrial product ION. and consequent
the DropoTt lon ~ his product - TO-DAY rru'h
less than II should hr
lest ore free "oinpstl'ton IN la"d. com
prisiny raw materials nv adm''fiu~ all IN
eUusl terms therr'" and IN money ~ rec
miitiug oil 10 uSs their wealth ~ cred
baSi- for 'Irreu'". an r"V@1' I'--Hr
spe"ial privileges. AMI he r'z ~ VIII y" -
elimination 81 rent. interest Pud IruNf,
and n CORES pOndiuv iu'rra-s . uagt'-
The lnbpgrr ot head Or haud .oulI ihsn
obtain tho Ohol" rruiurf H. 'rwc ~
ohanyeab'" '.irr ct That uruIu.' vI' pu'F
he drferui'u"i IN fr"' 'o'rr"ftfIvr market.
where hoi.s supply and lie q. md are ahs 90
mtelv free tpd unimit~~i
nv m" natural aud h"ru"sor' services ~
free crrnr". ltiou il" iurnHHu~H amounts 90
wealth that tu-.iHN 90 fp no.. Poe. Of oaptfs
and priv tirgr 90 Ng zoe al Irci $50 .r 'hs ",
hcdv oi ~" u"' H'e luI 'ri~ De- me ~" ma.
sion Ot modern SOC 'aifsp 4 / =.
PVI aHlIrNIa july ~