For, once more, the stockholder is the beast of burden, the
exploitable material of the company: not for him is this society
formed. In order that association may be real, he who
participates in it must do so, not as a gambler, but as an active
factor; he must have a deliberative voice in the council; his
name must be expressed or implied in the title of the society;
everything regarding him, in short, should be regulated in
accordance with equality. But these conditions are precisely
those of the organization of labor, which is not taken into
consideration by the code; they form the ULTERIOR object of
political economy, and consequently are not to be taken for
granted, but to be created, and, as such, are radically
incompatible with monopoly.[20]
[20] Possibly these paragraphs will not be clear to all without
the explanation that the form of association discussed in them,
called in French the commandite, is a joint-stock company to
which the shareholders simply lend their capital, without
acquiring a share in the management or incurring responsibility
for the results thereof.
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