PROBLEMS OF DISTRIBUTION 233
product would be depleted. Whether, then,
the workpeople would gain or lose in the long
run would depend (assuming that these
reactions would be met with) upon whether
their larger share of the smaller product
was greater than the smaller share of the
larger product which they had previously
received. Up to a certain point the former
sum might conceivably be the greater ; if
it were, up to that point the concerted
action supposed on the part of labour
would have worked to their advantage.
In going beyond any such point, however,
they would lose, that is if they attempted
to grasp a share of the national product
in excess of a given amount which it is
possible theoretically to define. Inanimate
nature presents analogies : if a rhubarb bed
is too greedily plucked one year its powers
of recovery may be so weakened that it will
never be the same again.
The reader must not close the book at this
point and run away with the false and
mischievous idea that an important practical
conclusion has been deduced. For practical
purposes our argument is as yet one-sided. It
has now to be qualified. So far we have been
dealing with a highly abstract case implying
assumptions all of which could not possibly