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This volume presents the initial drafts of an unfinished work by John Stuart Mill regarding the rise of socialist ideas among the working classes. The text examines the theoretical and practical implications of socialism in the context of modern society and evolving political suffrage.

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Table of Contents

INTRODUCTORY.

"It is evident that the interest of the trader is opposed to that of the consumer and of the producer. Has he not bought cheap and under-valued as much as possible in all his dealings with the producer, the very same article which, vaunting its excellence, he sells to you as dear as he can? Thus the interest of the commercial body, collectively and individually, is contrary to that of the producer and of the consumer—that is to say, to the interest of the whole body of society.

"The trader is a go-between, who profits by the general anarchy and the non-organization of industry. The trader buys up products, he buys up everything; he owns and detains everything, in such sort that:—

"1stly. He holds both Production and Consumption under his yoke, because both must come to him either finally for the products to be consumed, or at first for the raw materials to be worked up. Commerce with all its methods of buying, and of raising and lowering prices, its innumerable devices, and its holding everything in the hands of middle-men, levies toll right and left; it despotically gives the law to Production and Consumption, of which it ought to be only the subordinate.

"2ndly. It robs society by its enormous profits—profits levied upon the consumer and the producer, and altogether out of proportion to the services rendered, for which a twentieth of the persons actually employed would be sufficient.

"3rdly. It robs society by the subtraction of its productive forces; taking off from productive labor nineteen-twentieths of the agents of trade who are mere parasites. Thus, not only does commerce rob society by appropriating an exorbitant share of the common wealth, but also by considerably diminishing the productive energy of the human beehive. The great majority of traders would return to productive work if a rational system of commercial organization were substituted for the inextricable chaos of the present state of things.

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