APHORISMS AND REFLECTIONS
The notion that the value of a thing bears any necessary relation to the amount of labour (.average or otherwise) bestowed upon it, is a fallacy which needs ho further refutation that it already has received. The average amount of labour bestowed upon warming-pans confers no value upon them in eyes of a Gold-Coast negro; nor would an Esquim a slice of blubber for the most elaborate of icemachjnes .
-X- * -X- -XWlm lias ever imagined that wealth which, in the hands of an employer, is capital, ceases to lie capital if it is in the hands of a labourer? Suppose a workman to lie paid thirty shillings on Saturday , evening for six days’ labour that thirty shillings comes out of the employer’s capital, and receives the name of “wages’’ simply because it is exchanged for labour. In the workman’s pocket, as he goes home, it is purl of his capital, iii exactly the same sense as, half an hour before, it was part of the employer’s ' capital ; ho is a capitalist just as much as if he ivi'i-1 Rothschild.
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Hokitika Guardian, 23 February 1932, Page 1
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182APHORISMS AND REFLECTIONS Hokitika Guardian, 23 February 1932, Page 1
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