Browsing By Tag "abundance of capital"
Liberty and Organization Excerpted from the book; Individual Liberty Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. Thirty-five years ago the Personal Rights Journal of London, at that time edited by J. H. Levy, was a valiant champion of what was then known as Individualism. This latter was practically Anarchism, but that fact was not realized by Levy, Wordsworth Donisthorpe and other contributors to the columns of the Journal, which led to discussions between those gentlemen and the editor of Liberty concerning Anarchism and organization, taxation, etc. Mr. Tucker's remarks are here set forth: Names aside, the thing that Individualism favors is organization to maintain the widest liberty equally for all citizens. Well, that is precisely what Anarchism fav...
Apex or Basis. [Liberty, December 10, 1881.] Apex says that it is a barbarism to pay interest on money. That is another way of saying that a state of society in which wealth is not universalized is barbarous, since, in our present state of evolution, those who have no capital of their own will be glad to borrow from those who have, and to pay interest for the use of the capital.(62 ¶ 1) For it is really capital that is borrowed, and not money, the latter being only the means for obtaining the former, as money would be worthless if it could not be exchanged for the capital needed. We see already that, as the loanable capital of a country increases, the rate of interest diminishes, and when...