Isolated labor if on exceptionally fertile soil or if equipped with
specially efficient apparatus or if supernormal in energy may produce a
surplus income, but ordinarily it can earn no more than a bare subsistence.
Associative labor yields so much greater returns that masters of one sort
or another emerge in every progressive society to replace dispersion with
concentration and to engross most of the accruing enhancement of produce
to themselves as captains of industry. This "persistent and continuous
coercion, compelling them to labour in conformity to a unitary plan or in
accordance with a concentrating design" is commonly in its earlier form
slavery, and slaveholders are thus the first possessors of capital. As
capitalists they become perpetually concerned with excluding the laborers
from the proprietorship of land and the other means of production. So long
as land is relatively abundant this can be accomplished only by keeping
labor enslaved, and enslavement cannot be maintained unless the slaves are
prevented from buying their freedom. This prevention is procured by the
heightening of slave prices at such a rate as to keep the cost of freedom
always greater than the generality of the slaves can pay with their own
accumulated savings or _peculia_.
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