[A Critical Examination of Socialism by William Hurrell Mallock]@TWC D-Link book
A Critical Examination of Socialism

CHAPTER XV
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He supplies him with the food by which the requisite subordinates must be fed; and the state, were the state the capitalist, would do virtually the same thing.

It could give him his opportunity in no other way.
Further, if the invention in question turns out to be successful--here is another point which has already been explained and emphasised--the wage-capital which has been consumed by the labourers is replaced by some productive implement, which is more than the equivalent of the labour force spent in constructing it.

If, on the other hand, the invention turns out to be a failure, the wage-capital is wasted, and, so far as the general welfare is concerned, the state might just as well have thrown the whole of it into the sea.

Since, then, the opportunities which the state would have at its disposal, would consist at any moment of a given amount of capital, and since any portion of this which was used unsuccessfully would be lost, the number of opportunities which the state could allocate to individuals would be limited, and each opportunity which was wasted by one man would diminish the number that could be placed at the disposal of others.
Now, any one who knows anything of human nature and actual life knows this--that the number of men who firmly and passionately believe in the value of their own inventions, or other industrial projects, is far in excess of those whose ideas and projects have actually any value whatsoever.

When the _Great Eastern_, the largest ship of its time, had been built on the Thames by the celebrated engineer Brunel, its launching was attended with unforeseen and what seemed to be insuperable difficulties.


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