Proletariats or Proprietors?

PROLETARIATS OR PROPRIETORS?
By Charles Pinwill
The role of socialism these last two hundred years has been to represent the proletariat. There is nothing wrong per se with representing the proletariat. Socialists of all types, trade unionists, Fabians, Communists and Social Democrats have all seen this as their special role in political and economic life. Helping the economically disenfranchised, when it has been a motive of these groups, is in itself a commendable aspiration.
Unfortunately, this goal has usually entailed the conceptual limitation of viewing the proletarian status of most people as being, in the main, an unavoidable and eternal condition with little prospect of amendment. This has not been wholly so, for many have championed measures such as home ownership and superannuation for the working public.
Overall though, those who have represented the builders, butchers and bakers have seen the wage as the sole means of sustenance for most (notwithstanding the provision of social security in dire need).
The world, however, is changing and we are going to have to re-examine our premises. The ongoing technological revolution has made goods much less expensive to produce and lessened the need for human labor.
Technology is displacing employment and making it both more productive and efficient. Those who see the resulting unemployment as threatening are missing a major and world-changing consideration. Industrialized societies are becoming more profitable in a hitherto little observed way, a fact which has now been measured and demonstrated.¹
In the United States in 2014, the total aggregate income of all US citizens amounted to $10.1 trillion. This was the amount paid to Americans to induce them to produce and sell the sum total of consumer products of $12.5 trillion. The excess in value of consumer products given above was a total deficiency of consumer incomes of $2.4 trillion. This amount is surely a societal profit!
This profit of $2.4 trillion amounted to $7,500 per person over the whole population, or $30,000 per family of four. (more…)


