VI. The Future of Capital and Human Labor

But what is now the market will also take on a different form. Today, the market, although it is already organized in many small ways, still has something anarchic about it. The market regulates the mutual values of goods, and that is the only value that should exist in economic life in the future, because human labor has a value that cannot be compared to anything else and must not be counted among economic values. What economic values there are will be the comparative values of the goods. Under the circumstances described, it will be possible for the goods to acquire such comparative values that give the greatest possible number of people, that is, all people who work, a standard of living that is as close as possible to the general, not to a group prosperity. This can only be achieved if the market ceases to be what it is today, if it is thoroughly organized, if the most comprehensive economic experience, the calculation of the various economic fundamentals, leads to a determination of commodity values that are not subject to the anarchic conditions of supply and demand, but are oriented towards human needs, as determined by experience. This can only be achieved if this economic life, if the market, or rather the markets, are transformed into associations, into cooperatives and so on. This cooperative structure, this structure not only on the basis of such cooperatives as have already been tried, but the interweaving of the entire economic life with a cooperative structure, will only be possible if, on the basis of experience in economic life, an intuitive knowledge of the relationships between producers and consumers is acquired. There are also some signs of progress in this respect. You can familiarize yourself with these in the writings of Sidney Webb, for example, where great things have been achieved in cooperatives, insofar as great things can be achieved within the current economic system, which still exists outside these cooperatives. But if the economic system is changed in the way I have suggested, then the point is that the cooperative structure must be brought about not according to subjective demands, but according to what the economic structure itself yields. I would just like to make a certain remark so that you can see that things are not left hanging in the air. It will be obvious to anyone who takes into account the nature of economic life as described in my book 'The Core of the Social Question' that the question arises: how, for example, can we limit cooperatives? If we want to limit them arbitrarily or for reasons outside of economic life, then we will always end up with false pricing and, as a result, false influences on people's lives. Now there is a very definite law that can lead to the development of a cooperative structure out of reality. You can start by considering the two currents of economic life, production and consumption. You can imagine consumer cooperatives where people join together who want to buy economically so that they take advantage of everything that can be exploited for buying by joining together as consumers.