Capital and labour both take a share of risk till it can be
estimated by experience, ‹ib.›
This state of things gives place to a bargain which ensure unity
of direction and fixity of situation, 362.
The capitalist may take risk, paying fixed wages, or labourer
may take risk, paying a fixed interest—still there is
association, 362, 363.
Wages have nothing degrading in them any more than interest, 363.
The one is the remuneration of present, the other of anterior
labour, ‹ib.›
Such stipulations are the cause and the manifestation of
progress, ‹ib.›
Socialist errors on this subject confuted, 364, 365.
Friendly Societies admirable means of providing against sickness
and old age, 368.