Economic Policies for a Socialist Future
Norman Thomas
[Reprinted from Land and Freedom, July-August
1928]
Norman Thomas, Socialist candidate for President, has been saying
things since his nomination which shows him to have a better grasp of
economic principles than the Republican or Democratic nominee can
boast, though we suspect that Hoover really knows more than his
platform. In his column in the New Leader he writes as follows:
"Seventy-five per cent, of what President Coolidge
had to say in condemnation of the McNary-Haugen bill would have come
with good grace from a militant free trader. It sounds like amazing
hypocrisy coming from a staunch defender of high tariffs who has
just signed a bill subsidizing the American merchant marine. Yet the
President is not consciously hypocritical. Subsidies and special
favors to business men do not look to him like subsidies and he is
not aware that he has provided sharp arguments against his own
closest political friends and supporters."
And he goes on further:
"Finally it is to be observed that agriculture has
been the victim not only of a faulty credit system but of inflated
land values. Very earnestly do we ask you, the farmers of America,
to consider whether you may not have been mistaken in thinking too
much in terms of profits to be derived by sale or rent from an
increase of land values and too little in terms of the reward of
your own arduous labors. Mr. W. H. Kaufman of the state of
Washington has recently reminded his fellow farmers that the
equivalent of stock watering has been practiced on a large scale
under our present system by farm owners. The unearned increment
which society creates and individual owners take does not become a
blessing simply because in some cases it does not go to one family
like the Astors but to a multitude of smaller owners. Working
farmers like city workers have need to face this problem of land
values and their control by a just and equitable system of taxation
which should fall on land rather than improvements.
In this connection we may find help in solving the serious problem
of tenant farming which is increasing steadily. Rentals are based on
swollen land values. Farm tenants in America, unlike farm tenants in
other countries, have no security of tenure and no claim on the
improvements these may have made save as leases may provide. Herbert
Quick is authority for the statement that not the patient workers in
the tobacco fields in Connecticut but land owners and land sellers
have got th lion's share of such profits as have been made out of
the tariff on tobacco leaf.
In short, no system of tariff or subsidy, direct or indirect, can
help the men who raise our food unless we inquire into the question
of land values. Here we have only space to remind you that the
prosperity of all workers whether in field, factory or office
depends upon the end of special privilege and the extension of a
wise and sound plan for adding to the wellbeing of individuals by
social control in the interest of the workers rather than of the
owners."
And he says, recognizing the importance of the removal of tariff
barriers in the interests of world peace between nations:
"In the long run what is desired is lower tariffs
on all sorts of goods. Good will, prosperity, even peace among
nations, depend, in part, upon a careful lowering of those economic
barriers, which now divide them, with due regard for the workers in
the period of readjustment. The relative prosperity of America has
not been chiefly due to its protective system every little tiny
country in Europe has that but to the fact that within our own
boundaries the people of the United States have the greatest free
trade market in the world."
He also says:
"None of our hesitant liberal friends have advanced
one single reason for believing that the Republican or Democratic
Party can be made the effective weapon of any sort of struggle for
the things that most liberals profess to desire."
The Socialist Party has done itself credit in placing in nomination
for the highest office a man of liberal and advanced ideas and a good
deal of real economic knowledge. Single Taxers unattached to any party
can do nothing better than to give him a whole-hearted support.
We who are not prepared to go the way of socialism, who are disciples
of the new laissez faire, who believe in the natural law of
competition, can afford to ignore these considerations for the time
for the sake of the candidate's clear-cut utterances on the tariff and
land question. The plank of the Socialist Party platform which reads "Appropriation
by taxation of the annual value of all land held for speculation,"
is altogether meaningless and would prove utterly futile in practice,
but it is a gesture and a recognition of the importance of our
question. It may indicate the entrance of the party into a new and
promising field in which it will rally to its ranks the liberal forces
of the country. For almost the first time in any presidential campaign
we wish well to the party and to its splendid standard bearer. For he
not only feels and cares, as did Debs of revered memory, but he seems
to know, and the union of knowledge and heart may mean a new era in
politics.
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