This page has been proofread, but needs to be validated.
The General Law of Capitalist Accumulation.
715

After these few examples one understands the cry of triumph of the Registrar-General of the British people: "Rapidly as the population has increased, it has not kept pace with the progress of industry and wealth."[1]

Let us turn now to the direct agents of this industry, or the producers of this wealth, to the working class. "It is one of the most melancholy features in the social state of this country," says Gladstone, "that while there was a decrease in the consuming powers of the people, and while there was an increase in the privations and distress of the labouring class and operatives, there was at the same time a constant accumulation of wealth in the upper classes, and a constant increase of capital."[2] Thus spake this unctuous minister in the House of Commons on February 13th, 1843. On April 16th, 1863, 20 years later, in the speech in which he introduced his Budget: "From 1842 to 1852 the taxable income of the country increased by 6 percent. . . . . In the 8 years from 1853 to 1861 it had increased from the basis taken in 1853 by 20 per cent! The fact is so astonishing as to be almost incredible . . . . this intoxicating augmentation of wealth and power . . . . entirely confined to classes of property . . . . must be of indirect benefit to the labouring population, because it cheapens the commodities of general consumption. While the rich have been growing richer, the poor have been growing less poor. At any-rate, whether the extremes of poverty are less, I do not presume to say."[3] How lame an anti-climax! If the working-class has remained "poor," only "less poor" in proportion as it produces for the wealthy class "an intoxicating aug-

    duction in wages of 5 per cent. took place amongst the cotton operatives. In 1867, as consequence of a similar operation, there was a strike of 20,000 men at Preston. Note to the 4th German edition.—This was a prelude to the crisis, which broke out soon afterwards.—F. E.

  1. Census, &c., l. c., p. 11
  2. Gladstone in the House of Commons, Feb, 18th, 1848. "Times," Feb. 14th, 1848.—"It is one of the most melancholy features in the social state of this country that we see, beyond the possibility of denial, that while there is at this moment a decrease in the consuming powers of the people, an increase of the pressure of privations and distress; there is at the same time a constant accumulation of wealth in the upper classes, an increase of the luxuriousness of their habits, and of their means of enjoyment." (Hansard, 13th Feb.)
  3. Gladstone in the House of Commons, April 16th, 1863. "Morning Star," April 17th.