A B C of modern socialism

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is squeezed by putting on his labour a financial value which bitter experience soon finds to be illusory; anon, will follow a continuous series of squeezes upon every stage of production and distribution. It is all there, naked and unashamed. Our genial exploiter, whose integrity has won the admiration of the world, cheerfully remarks that of course he must make his bit. After that, it is comforting to reflect that our astute Labour leaders contemplate an addition to Old Age Pensions. (Perhaps some day they will realise that the offer of a pension is an insult to old age. A pension is the last beatitude of the wage mentality.) Work, Not Money, Shall Triumph

The plain inference from modern development is that the work of the world must be judged by its functional and not by its financial value. When this is understood by the generality of mankind, financial values will be laughed out of existence. Just as we laugh at a baby who judges a man by his neck-tie or watch-chain. The searching question must ultimately be put to each of us: “What have you done?” Not: ““What have you been paid?”

The post-war years have gradually but clearly disclosed the eternal truth that function, the work done with a social purpose, is the vital element in our economic and cultural life. We owe nothing to our financial exploiters and gamblers; they have but cumbered the ground and poisoned human relationships; but what of our unpaid debt to our workers—our technicians and craftsmen, our