in it—devices which it has taxed the brains
of the greatest men to elaborate and to co-ordinate—were
all latent in nature before these men made them actual;
and when once such devices are actualised it is nature
that makes them go. There is not merely a transformation
of so much human energy into the same amount of natural
energy; but nature adds to the former a non-human
energy of her own; as—to take a good illustration
of Dr. Crozier’s—obviously happens
in the case of a charge of gunpowder, which, “when
used for purposes of blasting, has,” he observes,
“in itself a thousand times the quantity of pure
economic power that is bought in the work of the labourers
who supply and mix the ingredients.” That
is to say, whenever human talent invents and produces
a machine which adds to the productivity of any one
who uses it with sufficient intelligence, the inventor
has shut up in his machine some part of the forces
of nature, as though it were an efreet whom a magician
has shut up in a bottle, and whose services he can
keep for himself, or hand over to others. The
efreets shut up in machinery will not work for human
beings at all, unless there are human magicians who
manage thus to imprison them. They therefore belong
to the men who, in virtue of their special capacities,
are alone capable of the effort requisite to perform
this feat; and it matters nothing to others, by whom
the efreets’ services are borrowed, whether the
effort in question occupied a year or a day, or whether
it took place yesterday or fifty years ago.
The borrowed efreet produces the same surplus in either
case, and interest is a part of this surplus which
goes, not to the efreet himself (for this is not possible),
but to his master, just as a cab-fare is paid to the
cabman and not his horse.
Machine-capital, then—or capital in its
typical modern form—consists of productive
forces which are usable by, and which indeed exist
for, the human race at large, because, and only because,
they have been captured and imprisoned in implements
by the efforts of exceptional men, whose energy thus
exercised is perpetuated, and can be lent to others;
and what these men receive as interest from those by
whom their energy is borrowed, is a something ultimately
due to the energy of the lenders themselves—nor
is this fact in any way altered by lapse of time.
Thus, so far as these special men are concerned, the
alleged difference between earned income and unearned
altogether disappears; and if one man lives in luxury
for sixty years on the interest of an invention which
it took him but a month to perfect, while another
man every day has to toil for his daily bread, the
difference between the two consists not in the fact
that the one man works for his bread and the other
man does nothing for it, but in the fact that the
work of one produces more in a day than that of the
other would do in a hundred lifetimes.