Front Page Titles (by Subject) CHAPTER V.: INTEGRAL WAGES. - The Tyranny of Socialism
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CHAPTER V.: INTEGRAL WAGES. - Yves Guyot, The Tyranny of Socialism 
The Tyranny of Socialism, ed. J.H. Levy (London: Swan Sonnenschein and Co., 1894).
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The Employer a Parasite—Way to make a Fortune—Erroneous Hypotheses.
According to the Socialists of the school of Karl Marx, every employer is a thief, and they proceed to prove it by saying:
If, after having made a pair of shoes, I want to re-purchase them at the price which was paid to me, I cannot do so. A profit has been superadded to my wages. The employer is robbing me. He is a parasite that lives at my expense.
The Socialist calculates how much the employer deducts from the salary of each workman; and by this calculation he adduces the fact that it is sufficient to employ a lot of workmen in order to obtain large profits. If trade could be reduced to such simple principles as these, it would be enough to borrow capital and to hire as many workmen as possible, to ensure a fortune at once.
If Socialists would only take the trouble to examine the facts about which they talk, they would ask themselves why there are some manufacturers who ruin themselves whilst others prosper. But Socialists suppose that the price of raw materials never varies, and that there is no difficulty in buying them upon good terms. They also suppose that there is a continuous, regular, and easy demand for products at uniform prices.
In fact, they ignore the elements of trade—the interest of the capital engaged, as well as deterioration of plant; and as they do not see the employer actively engaged at his trade, they conclude that he is no better than a sluggard, for the labour of direction, without which neither work nor manufacture could exist, counts as nothing in their eyes.