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CHAPTER LXVI CONFISCATION OR COMPENSATION
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 (Shall the workers buy out the capitalists? Can they afford to do it, and what will be the price?)
The problem of whether the social revolution shall be violent or peaceable depends in great part upon our answer to the question of confiscation1 versus2 compensation. We are now going to consider, first, the abstract rights and wrongs of the question, and, second, the practical aspects of it.
There is a story very popular among single taxers and other advocates of freedom of the land. An English land-owner met a stranger walking on his estate, and rebuked3 him for trespassing4. Said the stranger, "You own this land?" Said the other, "I do." "And how did you get it?" "I inherited it from my father." "And how did your father get it?" "He inherited it from his father." So on for half a dozen more ancestors, until at last the Englishman answered, "He fought for it." Whereupon the stranger took off his coat and rolled up his sleeves and said, "I'll fight you for it."
This is all there is to say on the subject of the abstract rights of land titles. There is no title to land which is valid5 on a historical basis. Everything rests upon fraud and force, continued through endless ages of human history. We in the United States took most of our land from the Indians, and in the process our guiding rule was that the only good Injun was a dead Injun. We first helped the English kings to take large sections of our country from the French and Spanish, and then we took them from the English king by a violent revolution. We purchased our Southwestern states from Mexico, but not until we had taken the precaution of killing6 some thousands of Mexicans in war, which had the effect of keeping down the purchase price. It would be a simple matter to show that all public franchises7 are similarly tainted9 with fraud. Proudhon laid down the principle that "property is theft," and from this principle it is an obvious conclusion that society has the right to scrap10 all paper titles to wealth, and to start the world's industries over again on the basis of share and share alike.
But stop and consider for a moment. "Property is theft," you say. But go to your corner grocery, and tell the grocer that you deny his title to the sack of prunes11 which he exhibits in front of his counter. He will tell you that he has paid for them; but you answer that the prunes were raised on stolen land, and shipped to him over a railroad whose franchise8 was obtained by bribery12. Will that convince the grocer? It will not. Neither will it convince the policeman or the judge, nor will it convince the voters of the country. Most people have a deeply rooted conviction that there are rights to property now definitely established and made valid by law. If you have paid taxes on land for a certain period, the land "belongs" to you; and I am sure you might agitate13 from now to kingdom come without persuading the American people that New Mexico ought to be returned to Mexico, or the western prairies to the Indian tribes.
Such are the facts; now let us apply them to the right of exploitation, embodied14 in the ownership of a certain number of bonds or shares of stock in the United States Steel Corporation. "Pass a law," says the Socialist15, "providing for the taking over of United States Steel by the government." At once to every owner comes one single thought—are you going to buy this stock, or are you going to confiscate16 it? If you attempt confiscation, the courts will declare the law unconstitutional; and you either have to defy the courts, which is revolutionary action, or to amend17 the constitution. If you adopt the latter course, you have before you a long period of agitation18; you have to carry both houses of Congress by a two-thirds majority, and the legislatures of three-fourths of the States. You have to do this in the face of the most bitter and infuriated opposition19 of those who are defending what they regard as their rights. You have to meet the arguments of the entire capitalist press of the country, and you have the certainty of widespread bribery of your elected officials.
The prospect20 of doing all this under the forms of law seems extremely discouraging; so come the Syndicalists, saying, "Let us seize the factories, and stop the exploitation at the point of production." So come the Communists, saying, "Let us overthrow21 capitalist government, and break the net of bourgeois22 legality, and establish a dictatorship of the proletariat, which will put an end to privilege and class domination all at once." What are we to say to these different programs?
Suppose we buy out the stockholders of United States Steel, and issue to them government bonds, what have we accomplished23? Nothing, say the advocates of confiscation; we have changed the form of exploitation, but the substance of it remains24 the same. The stockholders get their money from the United States government, instead of from the United States Steel Corporation; but they get their money just the same—the product, not of their labor25, but of the labor of the steel workers. Suppose we carried out the same procedure all along the line; suppose the government took over all industries, and paid for their securities with government bonds. Then we should have capitalism26 administered by a capitalist government, instead of by our present masters of industry; we should have a state capitalism, instead of a private capitalism; we should have the government buying and selling products, and exploiting labor, and paying over the profits to an hereditary27 privileged class. The capitalist system would go on just the same, except that labor would have one all-powerful tyrant28, instead of many lesser29 tyrants30, as at present.
So argue the advocates of confiscation. And the advocates of purchase reply that in buying the securities of United States Steel, we should fix the purchase price at the present market value of the property, and that price, once fixed31, would be permanent; all future unearned increment32 of the steel industry would belong to the government instead of to private owners. Consider, for example, what happened during the world war. When I was a boy, soon after the Steel Trust was launched, its stock was down to something like six dollars, and I knew small investors33 who lost every dollar they had put in. But during the war, steel stock soared to a hundred and thirty-six dollars per share; it paid dividends34 of some thirty per cent per year, and accumulated enormous surpluses besides.
The same thing was true of practically all the big corporations. According to Secretary of the Treasury35 McAdoo, there were coal companies which paid as high as eight hundred per cent per year; that is to say, the profits in one year were eight times the total investment. Assuming that our government bonds paid five per cent, it appears that the owners of these coal companies got one hundred and sixty times as much under our present private property system as they would have got under a system of state purchase. Even completely dominated by capitalism as our courts are today, they would not dare require us to pay for industries more than six per cent on the market value of the investment; and from what I know of the inside graft36 of American big business that would be restricting the private owners to less than one-fourth of what they are getting at present.
We have already pointed37 out the economies that can be made by putting industry under a uniform system. But all these, important as they are, amount to little in comparison with the one great consideration, which is that by purchasing large scale industry, we should break the "iron ring"; we should thenceforth be able to do our manufacturing for use instead of for profit, and so we should put an end to unemployment. Our cheerful workers would throng38 into the factories, to produce for themselves instead of for masters; and in one year of that we should so change the face of our country that a return to the system of private ownership would be unthinkable. In one year we could raise production to such a point that the interest on the bonds we had issued would be like the crumbs39 left over from a feast.

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1 confiscation confiscation     
n. 没收, 充公, 征收
参考例句:
  • Confiscation of the property of all emigrants and rebels. 没收一切流亡分子和叛乱分子的财产。 来自英汉非文学 - 共产党宣言
  • Confiscation of smuggled property is part of the penalty for certain offences. 没收走私财产是对某些犯罪予以惩罚的一部分。
2 versus wi7wU     
prep.以…为对手,对;与…相比之下
参考例句:
  • The big match tonight is England versus Spain.今晚的大赛是英格兰对西班牙。
  • The most exciting game was Harvard versus Yale.最富紧张刺激的球赛是哈佛队对耶鲁队。
3 rebuked bdac29ff5ae4a503d9868e9cd4d93b12     
责难或指责( rebuke的过去式和过去分词 )
参考例句:
  • The company was publicly rebuked for having neglected safety procedures. 公司因忽略了安全规程而受到公开批评。
  • The teacher rebuked the boy for throwing paper on the floor. 老师指责这个男孩将纸丢在地板上。
4 trespassing a72d55f5288c3d37c1e7833e78593f83     
[法]非法入侵
参考例句:
  • He told me I was trespassing on private land. 他说我在擅闯私人土地。
  • Don't come trespassing on my land again. 别再闯入我的地界了。
5 valid eiCwm     
adj.有确实根据的;有效的;正当的,合法的
参考例句:
  • His claim to own the house is valid.他主张对此屋的所有权有效。
  • Do you have valid reasons for your absence?你的缺席有正当理由吗?
6 killing kpBziQ     
n.巨额利润;突然赚大钱,发大财
参考例句:
  • Investors are set to make a killing from the sell-off.投资者准备清仓以便大赚一笔。
  • Last week my brother made a killing on Wall Street.上个周我兄弟在华尔街赚了一大笔。
7 franchises ef6665e7cd0e166d2f4deb0f4f26c671     
n.(尤指选举议员的)选举权( franchise的名词复数 );参政权;获特许权的商业机构(或服务);(公司授予的)特许经销权v.给…以特许权,出售特许权( franchise的第三人称单数 )
参考例句:
  • TV franchises will be auctioned to the highest bidder. 电视特许经营权将拍卖给出价最高的投标人。 来自《简明英汉词典》
  • Ford dealerships operated as independent franchises. 福特汽车公司的代销商都是独立的联营商。 来自辞典例句
8 franchise BQnzu     
n.特许,特权,专营权,特许权
参考例句:
  • Catering in the schools is run on a franchise basis.学校餐饮服务以特许权经营。
  • The United States granted the franchise to women in 1920.美国于1920年给妇女以参政权。
9 tainted qgDzqS     
adj.腐坏的;污染的;沾污的;感染的v.使变质( taint的过去式和过去分词 );使污染;败坏;被污染,腐坏,败坏
参考例句:
  • The administration was tainted with scandal. 丑闻使得政府声名狼藉。
  • He was considered tainted by association with the corrupt regime. 他因与腐败政府有牵连而名誉受损。 来自《简明英汉词典》
10 scrap JDFzf     
n.碎片;废料;v.废弃,报废
参考例句:
  • A man comes round regularly collecting scrap.有个男人定时来收废品。
  • Sell that car for scrap.把那辆汽车当残品卖了吧。
11 prunes 92c0a2d4c66444bc8ee239641ff76694     
n.西梅脯,西梅干( prune的名词复数 )v.修剪(树木等)( prune的第三人称单数 );精简某事物,除去某事物多余的部分
参考例句:
  • Dried fruits such as prunes, pears, and peaches, are stewed. 梅干、梨脯、桃脯等干果,都是炖过的。 来自辞典例句
  • We had stewed prunes for breakfast. 我们早饭吃炖梅干。 来自辞典例句
12 bribery Lxdz7Z     
n.贿络行为,行贿,受贿
参考例句:
  • FBI found out that the senator committed bribery.美国联邦调查局查明这个参议员有受贿行为。
  • He was charged with bribery.他被指控受贿。
13 agitate aNtzi     
vi.(for,against)煽动,鼓动;vt.搅动
参考例句:
  • They sent agents to agitate the local people.他们派遣情报人员煽动当地的民众。
  • All you need to do is gently agitate the water with a finger or paintbrush.你只需要用手指或刷子轻轻地搅动水。
14 embodied 12aaccf12ed540b26a8c02d23d463865     
v.表现( embody的过去式和过去分词 );象征;包括;包含
参考例句:
  • a politician who embodied the hopes of black youth 代表黑人青年希望的政治家
  • The heroic deeds of him embodied the glorious tradition of the troops. 他的英雄事迹体现了军队的光荣传统。 来自《简明英汉词典》
15 socialist jwcws     
n.社会主义者;adj.社会主义的
参考例句:
  • China is a socialist country,and a developing country as well.中国是一个社会主义国家,也是一个发展中国家。
  • His father was an ardent socialist.他父亲是一个热情的社会主义者。
16 confiscate 8pizd     
v.没收(私人财产),把…充公
参考例句:
  • The police have the right to confiscate any forbidden objects they find.如发现违禁货物,警方有权查扣。
  • Did the teacher confiscate your toy?老师没收你的玩具了吗?
17 amend exezY     
vt.修改,修订,改进;n.[pl.]赔罪,赔偿
参考例句:
  • The teacher advised him to amend his way of living.老师劝他改变生活方式。
  • You must amend your pronunciation.你必须改正你的发音。
18 agitation TN0zi     
n.搅动;搅拌;鼓动,煽动
参考例句:
  • Small shopkeepers carried on a long agitation against the big department stores.小店主们长期以来一直在煽动人们反对大型百货商店。
  • These materials require constant agitation to keep them in suspension.这些药剂要经常搅动以保持悬浮状态。
19 opposition eIUxU     
n.反对,敌对
参考例句:
  • The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
  • The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。
20 prospect P01zn     
n.前景,前途;景色,视野
参考例句:
  • This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
  • The prospect became more evident.前景变得更加明朗了。
21 overthrow PKDxo     
v.推翻,打倒,颠覆;n.推翻,瓦解,颠覆
参考例句:
  • After the overthrow of the government,the country was in chaos.政府被推翻后,这个国家处于混乱中。
  • The overthrow of his plans left him much discouraged.他的计划的失败使得他很气馁。
22 bourgeois ERoyR     
adj./n.追求物质享受的(人);中产阶级分子
参考例句:
  • He's accusing them of having a bourgeois and limited vision.他指责他们像中产阶级一样目光狭隘。
  • The French Revolution was inspired by the bourgeois.法国革命受到中产阶级的鼓励。
23 accomplished UzwztZ     
adj.有才艺的;有造诣的;达到了的
参考例句:
  • Thanks to your help,we accomplished the task ahead of schedule.亏得你们帮忙,我们才提前完成了任务。
  • Removal of excess heat is accomplished by means of a radiator.通过散热器完成多余热量的排出。
24 remains 1kMzTy     
n.剩余物,残留物;遗体,遗迹
参考例句:
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。
25 labor P9Tzs     
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦
参考例句:
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后,他已经疲惫不堪了。
26 capitalism er4zy     
n.资本主义
参考例句:
  • The essence of his argument is that capitalism cannot succeed.他的论点的核心是资本主义不能成功。
  • Capitalism began to develop in Russia in the 19th century.十九世纪资本主义在俄国开始发展。
27 hereditary fQJzF     
adj.遗传的,遗传性的,可继承的,世袭的
参考例句:
  • The Queen of England is a hereditary ruler.英国女王是世袭的统治者。
  • In men,hair loss is hereditary.男性脱发属于遗传。
28 tyrant vK9z9     
n.暴君,专制的君主,残暴的人
参考例句:
  • The country was ruled by a despotic tyrant.该国处在一个专制暴君的统治之下。
  • The tyrant was deaf to the entreaties of the slaves.暴君听不到奴隶们的哀鸣。
29 lesser UpxzJL     
adj.次要的,较小的;adv.较小地,较少地
参考例句:
  • Kept some of the lesser players out.不让那些次要的球员参加联赛。
  • She has also been affected,but to a lesser degree.她也受到波及,但程度较轻。
30 tyrants b6c058541e716c67268f3d018da01b5e     
专制统治者( tyrant的名词复数 ); 暴君似的人; (古希腊的)僭主; 严酷的事物
参考例句:
  • The country was ruled by a succession of tyrants. 这个国家接连遭受暴君的统治。
  • The people suffered under foreign tyrants. 人民在异族暴君的统治下受苦受难。
31 fixed JsKzzj     
adj.固定的,不变的,准备好的;(计算机)固定的
参考例句:
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗?
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定,我们就不应该随意改变。
32 increment o8Cx6     
n.增值,增价;提薪,增加工资
参考例句:
  • Each increment of knowledge tells us more of our world.知识的点滴增长都会增进我们对世界的认知。
  • She receives a salary increment each year.她每年得到加薪。
33 investors dffc64354445b947454450e472276b99     
n.投资者,出资者( investor的名词复数 )
参考例句:
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
34 dividends 8d58231a4112c505163466a7fcf9d097     
红利( dividend的名词复数 ); 股息; 被除数; (足球彩票的)彩金
参考例句:
  • Nothing pays richer dividends than magnanimity. 没有什么比宽宏大量更能得到厚报。
  • Their decision five years ago to computerise the company is now paying dividends. 五年前他们作出的使公司电脑化的决定现在正产生出效益。
35 treasury 7GeyP     
n.宝库;国库,金库;文库
参考例句:
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
36 graft XQBzg     
n.移植,嫁接,艰苦工作,贪污;v.移植,嫁接
参考例句:
  • I am having a skin graft on my arm soon.我马上就要接受手臂的皮肤移植手术。
  • The minister became rich through graft.这位部长透过贪污受贿致富。
37 pointed Il8zB4     
adj.尖的,直截了当的
参考例句:
  • He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。
38 throng sGTy4     
n.人群,群众;v.拥挤,群集
参考例句:
  • A patient throng was waiting in silence.一大群耐心的人在静静地等着。
  • The crowds thronged into the mall.人群涌进大厅。
39 crumbs crumbs     
int. (表示惊讶)哎呀 n. 碎屑 名词crumb的复数形式
参考例句:
  • She stood up and brushed the crumbs from her sweater. 她站起身掸掉了毛衣上的面包屑。
  • Oh crumbs! Is that the time? 啊,天哪!都这会儿啦?


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