Browsing By Tag "incomes"
The two sister arts of Agriculture and Industry were not always so estranged from one another as they are now. There was a time, and that time is not far off, when both were thoroughly combined: the villages were then the seats of a variety of industries, and the artisans in the cities did not abandon agriculture; many towns were nothing else but industrial villages. If the medieval city was the cradle of those industries which fringed art and were intended to supply the wants of the richer classes, still it was the rural manufacture which supplied the wants of the million; so it does until the present day in Russia. But then came the water-motors, steam, the development of machinery, and they broke the link which formerly connected the far... (From : Anarchy Archives.)
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal The Circulation of Capital, Not Capital Itself, Gives Birth to Progress Thus it is with interest on capital, legitimate when a loan was a service rendered by citizen to citizen, but which ceases to be so when society has acquired the power to organize credit gratuitously for everybody. This interest, I say, is contradictory in its nature, in that, on the one hand, the service rendered by the lender is entitled to remuneration, and that, on the other, all wages suppose either a production or a sacrifice, which is not the case with a loan. The revolution which is effected in the legi... (From : Anarchy Archives.)
A hundred and thirty thousand unemployed, in this city alone--such is the result of the parliamentary and private inquiries. Ninety-one thousand paupers; six hundred thousand at least of men, women, and children, out of the 4 1/2 million inhabitants of London in want of food, shelter, and clothes. Such is the result of aristocracy and middle-class rule. Our masters say that we must keep them, and provide them a rich living, because they alone are capable of organizing our industries and trade. And that is the way in which they have organized them. Plenty of luxury for themselves; sheer misery for the masses. One hundred and thirty thousand men, ready to work, but prevented from working; ready co till the fields and to grow for themselves th... (From : AnarchyArchives.)
The spectacle presented at this moment by Europe is deplorable enough but withal particularly instructive. On the one hand, diplomatists and courtiers hurrying hither and thither with the increased activity which displays itself whenever the air of our old continent begins to smell of powder. Alliances are being made and unmade, with much chaffering over the amount of human cattle that shall form the price of the bargain. "So many million head on condition of your house supporting ours; so many acres to feed them, such and such seaports for the export of their wool." Each plotting to overreach his rivals in the market. That is what in political jargon is known as diplomacy. [NOTE. -- While it will be understood that the political situation ... (From : Anarchy Archives.)