At last M. Blanc, who has understood all the time, decides to
reply that, if he allows interest to capital, he does so only as
a transitional measure and to ease the descent of the
capitalists. For the rest, his project leading inevitably to the
absorption of private capital in association, it would be folly
and an abandonment of principle to do more. M. Blanc, if he had
studied his subject, would have needed to say but a single
phrase: "I deny capital."
Thus M. Blanc,--and under his name I include the whole of
socialism,-- after having, by a first contradiction of the title
of his book, "ORGANIZATION OF LABOR," declared that capital was
INDISPENSABLE in production, and consequently that it should be
organized and participate in profits like labor, by a second
contradiction rejects capital from organization and refuses to
recognize it: by a third contradiction he who laughs at
decorations and titles of nobility distributes civic crowns,
rewards, and distinctions to such litterateurs inventors, and
artists as shall have deserved well of the country; he allows
them salaries according to their grades and dignities; all of
which is the restoration of capital as really, though not with
the same mathematical precision, as interest and net product: by
a fourth contradiction M.
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