A Modern Utopia by H. G. Wells (i have read the book txt) 📖
- Author: H. G. Wells
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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.
Section 2
Now if this Utopian world is to be in some degree parallel to
contemporary thought, it must have been concerned, it may be still
concerned, with many unsettled problems of currency, and with the
problems that centre about a standard of value. Gold is perhaps of
all material substances the best adapted to the monetary purpose,
but even at that best it falls far short of an imaginable ideal. It
undergoes spasmodic and irregular cheapening through new discoveries
of gold, and at any time it may undergo very extensive and sudden
and disastrous depreciation through the discovery of some way of
transmuting less valuable elements. The liability to such
depreciations introduces an undesirable speculative element into the
relations of debtor and creditor. When, on the one hand, there is
for a time a check in the increase of the available stores of gold,
or an increase in the energy applied to social purposes, or a
checking of the public security that would impede the free exchange
of credit and necessitate a more frequent production of gold in
evidence, then there comes an undue appreciation of money as against
the general commodities of life, and an automatic impoverishment of
the citizens in general as against the creditor class. The common
people are mortgaged into the bondage of debt. And on the other
hand an unexpected spate of gold production, the discovery of a
single nugget as big as St. Paul’s, let us say—a quite possible
thing—would result in a sort of jail delivery of debtors and a
financial earthquake.
It has been suggested by an ingenious thinker that it is possible
to use as a standard of monetary value no substance whatever, but
instead, force, and that value might be measured in units of energy.
An excellent development this, in theory, at any rate, of the
general idea of the modern State as kinetic and not static; it
throws the old idea of the social order and the new into the
sharpest antithesis. The old order is presented as a system of
institutions and classes ruled by men of substance; the new, of
enterprises and interests led by men of power.
Now I glance at this matter in the most incidental manner, as a man
may skim through a specialist’s exposition in a popular magazine.
You must figure me, therefore, finding from a casual periodical
paper in our inn, with a certain surprise at not having anticipated
as much, the Utopian self of that same ingenious person quite
conspicuously a leader of thought, and engaged in organising the
discussion of the currency changes Utopia has under consideration.
The article, as it presents itself to me, contains a complete
and lucid, though occasionally rather technical, explanation of
his newest proposals. They have been published, it seems, for
general criticism, and one gathers that in the modern Utopia the
administration presents the most elaborately detailed schemes of any
proposed alteration in law or custom, some time before any measure
is taken to carry it into effect, and the possibilities of every
detail are acutely criticised, flaws anticipated, side issues
raised, and the whole minutely tested and fined down by a planetful
of critics, before the actual process of legislation begins.
The explanation of these proposals involves an anticipatory glance
at the local administration of a Modern Utopia. To anyone who has
watched the development of technical science during the last decade
or so, there will be no shock in the idea that a general
consolidation of a great number of common public services over areas
of considerable size is now not only practicable, but very
desirable. In a little while heating and lighting and the supply of
power for domestic and industrial purposes and for urban and
inter-urban communications will all be managed electrically from
common generating stations. And the trend of political and social
speculation points decidedly to the conclusion that so soon as it
passes out of the experimental stage, the supply of electrical
energy, just like drainage and the supply of water, will fall to the
local authority. Moreover, the local authority will be the universal
landowner. Upon that point so extreme an individualist as Herbert
Spencer was in agreement with the Socialist. In Utopia we conclude
that, whatever other types of property may exist, all natural
sources of force, and indeed all strictly natural products, coal,
water power, and the like, are inalienably vested in the local
authorities (which, in order to secure the maximum of convenience
and administrative efficiency, will probably control areas as large
sometimes as half England), they will generate electricity by water
power, by combustion, by wind or tide or whatever other natural
force is available, and this electricity will be devoted, some of it
to the authority’s lighting and other public works, some of it, as
a subsidy, to the World-State authority which controls the high
roads, the great railways, the inns and other apparatus of world
communication, and the rest will pass on to private individuals
or to distributing companies at a uniform fixed rate for private
lighting and heating, for machinery and industrial applications of
all sorts. Such an arrangement of affairs will necessarily involve a
vast amount of book-keeping between the various authorities, the
World-State government and the customers, and this book-keeping will
naturally be done most conveniently in units of physical energy.
It is not incredible that the assessment of the various local
administrations for the central world government would be already
calculated upon the estimated total of energy, periodically
available in each locality, and booked and spoken of in these
physical units. Accounts between central and local governments could
be kept in these terms. Moreover, one may imagine Utopian local
authorities making contracts in which payment would be no longer in
coinage upon the gold basis, but in notes good for so many thousands
or millions of units of energy at one or other of the generating
stations.
Now the problems of economic theory will have undergone an enormous
clarification if, instead of measuring in fluctuating money values,
the same scale of energy units can be extended to their discussion,
if, in fact, the idea of trading could be entirely eliminated. In my
Utopia, at any rate, this has been done, the production and
distribution of common commodities have been expressed as a problem
in the conversion of energy, and the scheme that Utopia was now
discussing was the application of this idea of energy as the
standard of value to the entire Utopian coinage. Every one of those
giant local authorities was to be free to issue energy notes against
the security of its surplus of saleable available energy, and to
make all its contracts for payment in those notes up to a certain
maximum defined by the amount of energy produced and disposed of in
that locality in the previous year. This power of issue was to be
renewed just as rapidly as the notes came in for redemption. In a
world without boundaries, with a population largely migratory and
emancipated from locality, the price of the energy notes of these
various local bodies would constantly tend to be uniform, because
employment would constantly shift into the areas where energy was
cheap. Accordingly, the price of so many millions of units of energy
at any particular moment in coins of the gold currency would be
approximately the same throughout the world. It was proposed to
select some particular day when the economic atmosphere was
distinctly equable, and to declare a fixed ratio between the gold
coinage and the energy notes; each gold Lion and each Lion of credit
representing exactly the number of energy units it could buy on that
day. The old gold coinage was at once to cease to be legal tender
beyond certain defined limits, except to the central government,
which would not reissue it as it came in. It was, in fact, to become
a temporary token coinage, a token coinage of full value for the day
of conversion at any rate, if not afterwards, under the new standard
of energy, and to be replaceable by an ordinary token coinage as
time went on. The old computation by Lions and the values of the
small change of daily life were therefore to suffer no disturbance
whatever.
The economists of Utopia, as I apprehended them, had a different
method and a very different system of
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