Decay of Capitalism

The Mickey Mouse Club
The Mickey Mouse Club

It is one of the illusions of each generation that the social institutions in which it lives are, in some peculiar sense, “ natural,” unchangeable and permanent. Yet for countless thousands of years social institutions have been successively arising, developing, decaying and becoming gradually superseded by others better adapted to contemporary needs. This book shows how we, the nations claiming to be the most advanced in civilization, are no less subject than our predecessors to this process of perpetual change. Just as the Sumerian, the Egyptian, the Greek, the Roman and the Christian medieval civilizations have passed away, our present capitalist civilization, as mortal as its predecessors, is dissolving before our eyes, not only in that “ septic dissolution ” diagnosed by the Dean of St. Paul’s, brought upon us by war, and curable by genuine peace, but in that slower changing of the epochs which war may hasten, but which neither we nor any¬ thing else can hinder.

The question, then, is not whether our present civilization will be transformed, but how it will be transformed. It may, by considerate adaptation, be made to pass gradually and peacefully into a new form. Or, if there is angry resistance instead of adaptation, it may crash, leaving mankind painfully to build up a new civilization from the lower level of a stage of social chaos and disorder in which not only the abuses but also the material, intellectual and moral gains of the previous order will have been lost. Unfortunately many who assent to this general proposition of inevitable change, fail to realize what the social institutions are to which this law of change applies. To them the basis of all possible civilization is private property in a sense in which it is so bound up with human nature, that whilst men remain men, it is no more capable of decay or supersession than the rotation of the earth on its axis. But they misunderstand the position. It is not the sanction and security of personal possessions that forms the foundation of our capitalist system, but the institution of private owner¬ ship of the means by which the community lives.

Decay of Capitalism

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s