The Labor-Value Fallacy

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But if the best state of man is that in which knowledge is most widely diffused, freedom of action most untram- meled, and the most divers wants are most completely satisfied, the society of the present day, as represented in our own country, and in some of the states of Europe, has reached the highest development ever known.
There are many persons of, I think, envious dispo- sitions, to whom inequality in the condition of individ- uals seems a greater hardship than general deprivation. Such pe
...rsons are disposed to lament the changes which have been made in the last hundred years. They say that industrial and commercial activity has made the rich, richer, and the poor, poorer. That political enfranchisement of the workingmen has not checked this growing inequality. That one hundred years ago employers and employed worked together, and were on terms of friendly intercourse. But, to-day, the employer knows no more of his workmen than their ability to com- plete their tasks. He would as soon make companions of his machines as of those to whom he pays wages.

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