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 Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)
The fundamental error of the reformists is that of dreaming of solidarity, a sincere collaboration, between masters and servants, between proprietors and workers which even if it might have existed here and there in periods of profound unconsciousness of the masses and of ingenuous faith in religion and rewards, is utterly impossible today. Those who envisage a society of well stuffed pigs which waddle contentedly under the ferule of a small number of swineherd; who do not take into account the need for freedom and the sentiment of human dignity; who really believe in a God that orders, for his abstruse ends, the poor to be submissive and the rich to be good and charitable — can also imagine and aspire to a technical organization of p... (From : TheAnarchistLibrary.org.)
We are very well pleased with the results of the Liverpool Trade Union Congress. The party of inaction, the "old gang" of place-hunters have been thoroughly worsted by the upholders of the "new" unionism, and the latter have taken a firm hold of the controlling power of the trade unions of this country. The organizations are pledged to a policy of very much greater activity, they have endorsed Socialism to a very considerable extent, they have declared their desire to have an eight hour law passed in the imperial parliament, they have elected John Burns on their parliamentary committee and they have discarded Shipton as parliamentary secretary. The men who in the past criticized the "Do-nothing" party in the severest manner- -criticism by t... (From : AnarchyArchives.)