Engles wrote:Now for

Now for something to amuse you. In his new, as yet unprinted book, which Grun is translating, [18] Proudhon has a great scheme for making money out of thin air and bringing the kingdom of heaven closer to all workers. No one knew what it was. Grun, while keeping it very dark, was always bragging about his philosopher’s stone. General suspense. At length, last week, Papa Eisermann was at the cabinet-makers’ and so was I; gradually the old coxcomb came out with it, in a naively secretive manner. Mr Grun had confided the whole plan to him. Hearken, now, to the grandeur of this plan for world redemption: ni plus ni moins [19] than the already long extant in England, and ten times bankrupt LABOUR-BAZARS or LABOUR-MARKETS, associations of all artisans of all trades, a big warehouse, all work delivered by the associes valued strictly in accordance with the cost of the raw product plus labour, and paid for in other association products, similarly valued. [20] Anything delivered in excess of the association’s needs is to be sold on the world market, the proceeds being paid out to the producers. In this way the crafty Proudhon calculates that he and his fellow associes will circumvent the profit of the middleman. That this would also mean circumventing the profit on his association’s capital, that this capital and this profit must be just as great as the capital and profit of the circumvented middlemen, that he therefore throws away with his right hand what the left has received, has none of it entered his clever head. That his workers can never raise the necessary capital, since otherwise they could just as well set themselves up separately, that any savings in cost resulting from the association would be more than outweighed by the enormous risk, that the whole thing would amount to spiriting away profit from this world, while leaving the producers of the profit to cool their heels, that it is a truly Straubingerian idyll, [21] excluding from the very outset all large-scale industry, building, agriculture, etc., that they would have to bear only the losses of the bourgeoisie without sharing in its gains, all these and a hundred other self-evident objections he overlooks, so delighted is he with his plausible illusion. It’s all too utterly preposterous. Paterfamilias Grun, of course, believes in the new redemption and already in his mind’s eye sees himself at the head of an association of 20,000 ouvriers [22] (they want it big from the start), his family, of course, to receive free clothing, board and lodging. But if Proudhon comes out with this, he will be making a fool of himself and all French socialists and communists in the eyes of bourgeois economists. Hence those tears, that polemicising against revolution [23] because he had a peaceable nostrum up his sleeve. Proudhon is just like John Watts. In spite of his disreputable atheism and socialism, the latter regards it as his vocation to acquire respectability in the eyes of the bourgeoisie; Proudhon, despite his polemic against the economists, does his utmost to gain recognition as a great economist. Such are the sectarians. Besides, it’s such an old story!