Utopian economics 1.
These modern Utopians with the universally diffused good manners, the universal education, the fine freedoms we shall ascribe to them, their world unity, world language, world-wide travellings, world-wide freedom of sale and purchase, will remain mere dreamstuff, incredible even by twilight, until we have shown that at that level the community will still sustain itself. At any rate, the common liberty of the Utopians will not embrace the common liberty to be unserviceable, the most perfect economy of organisation still leaves the fact untouched that all order and security in a State rests on the certainty of getting work done. How will the work of this planet be done? What will be the economics of a modern Utopia?
Now in the first place, a state so vast and complex as this world Utopia, and with so migratory a people, will need some handy symbol to check the distribution of services and commodities. Almost certainly they will need to have money. They will have money, and it is not inconceivable that, for all his sorrowful thoughts, our botanist, with his trained observation, his habit of looking at little things upon the ground, would be the one to see and pick up the coin that has fallen from some wayfarer's pocket. (This, in our first hour or so before we reach the inn in the Urseren Thal.) You figure us upon the high Gotthard road, heads together over the little disk that contrives to tell us so much of this strange world.
It is, I imagine, of gold, and it will be a convenient accident if it is sufficient to make us solvent for a day or so, until we are a little more informed of the economic system into which we have come. It is, moreover, of a fair round size, and the inscription declares it one Lion, equal to “twaindy” bronze Crosses. Unless the ratio of metals is very different here, this latter must be a token coin, and therefore legal tender for but a small amount. (That would be pain and pleasure to Mr. Wordsworth Donisthorpe if he were to chance to join us, for once he planned a Utopian coinage, [Footnote: A System of Measures, by Wordsworth Donisthorpe.] and the words Lion and Cross are his. But a token coinage and “legal tender” he cannot abide. They make him argue.) And being in Utopia, that unfamiliar “twaindy” suggests at once we have come upon that most Utopian of all things, a duodecimal system of counting.
My author's privilege of details serves me here. This Lion is distinctly a beautiful coin, admirably made, with its value in fine, clear letters circling the obverse side, and a head thereon—of Newton, as I live! One detects American influence here. Each year, as we shall find, each denomination of coins celebrates a centenary. The reverse shows the universal goddess of the Utopian coinage—Peace, as a beautiful woman, reading with a child out of a great book, and behind them are stars, and an hour-glass, halfway run. Very human these Utopians, after all, and not by any means above the obvious in their symbolism!
So for the first time we learn definitely of the World State, and we get our first clear hint, too, that there is an end to Kings. But our coin raises other issues also. It would seem that this Utopia has no simple community of goods, that there is, at any rate, a restriction upon what one may take, a need for evidences of equivalent value, a limitation to human credit.
It dates—so much of this present Utopia of ours dates. Those former Utopists were bitterly against gold. You will recall the undignified use Sir Thomas More would have us put it to, and how there was no money at all in the Republic of Plato, and in that later community for which he wrote his Laws an iron coinage of austere appearance and doubtful efficacy… . It may be these great gentlemen were a little hasty with a complicated difficulty, and not a little unjust to a highly respectable element.
Gold is abused and made into vessels of dishonour, and abolished from ideal society as though it were the cause instead of the instrument of human baseness; but, indeed, there is nothing bad in gold. Making gold into vessels of dishonour and banishing it from the State is punishing the hatchet for the murderer's crime. Money, did you but use it right, is a good thing in life, a necessary thing in civilised human life, as complicated, indeed, for its purposes, but as natural a growth as the bones in a man's wrist, and I do not see how one can imagine anything at all worthy of being called a civilisation without it. It is the water of the body social, it distributes and receives, and renders growth and assimilation and movement and recovery possible. It is the reconciliation of human interdependence with liberty. What other device will give a man so great a freedom with so strong an inducement to effort? The economic history of the world, where it is not the history of the theory of property, is very largely the record of the abuse, not so much of money as of credit devices to supplement money, to amplify the scope of this most precious invention; and no device of labour credits [Footnote: Edward Bellamy's Looking Backward, Ch. IX.] or free demand of commodities from a central store [Footnote: More's Utopia and Cabet's Icaria.] or the like has ever been suggested that does not give ten thousand times more scope for that inherent moral dross in man that must be reckoned with in any sane Utopia we may design and plan… . Heaven knows where progress may not end, but at any rate this developing State, into which we two men have fallen, this Twentieth Century Utopia, has still not passed beyond money and the use of coins.