This page has been proofread, but needs to be validated.
848
Capitalist Production.

conjunction with the stream of men that the gold-diggings attract, and with the competition that the importation of English commodities causes even to the smallest artisan, an ample "relative surplus labouring population," so that almost every mail brings the Job's news of a "glut of the Australian labour market," and prostitution in some places there flourishes as wantonly as in the London Haymarket.

However, we are not concerned here with the condition of the colonies. The only thing that interests us is the secret discovered in the new world by the political economy of the old world, and proclaimed on the house-tops: that the capitalist mode of production and accumulation, and therefore capitalist private property, have for their fundamental condition the annihilation of self-earned private property; in other words, the expropriation of the labourer.

    favourable to the settlers, but the squandering of the land, already accomplished by the English Government, stands in the way. "The first and main object at which the new Land Act of 1862 aims is to give increased facilities for the settlement of the people." (The Land Law of Victoria, by the Hon. O. G. Duffy, Minister of Public Lands. Lond. 1862.)