It is a formula which is profoundly MODIFIED by the
intervention of one or another of the monopolies to which the
instruments of production are subordinated.--Course in Political
Economy: Volume I., page 143.
M. Rossi holds too high an office to give his language all the
precision and exactness which science requires when monopoly is
in question. What he so complacently calls a MODIFICATION OF
ECONOMIC FORMULAS is but a long and odious violation of the
fundamental laws of labor and exchange. It is in consequence of
monopoly that in society, net product being figured over and
above gross product, the collective laborer must repurchase his
own product at a price higher than that which this product costs
him,--which is contradictory and impossible; that the natural
balance between production and consumption is destroyed; that the
laborer is deceived not only in his settlements, but also as to
the amount of his wages; that in his case progress in comfort is
changed into an incessant progress in misery: it is by monopoly,
in short, that all notions of commutative justice are perverted,
and that social economy, instead of the positive science that it
is, becomes a veritable utopia.
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