Never Could An Increase Of

When I Am Dead, I Hope It May Be Said: His Sins Were Scarlet, But His Books Were Read.

The Term "socialism" Becomes A Common Label For The Various Theories Of Attack Upon The Principle Of Property, The Various Policies Of Communal Control At The Expense Of The Family And Individual Freedom.

The Smaller Man Approaching Our Modern Banking System, Which Controls All Issue Of Credit And Therefore Pretty Well All Our Industrial And Commercial Activities, Is Not What The Controllers Of That Credit Call "interesting." He Borrows With Difficulty And Upon High Terms, And Must Pledge Security Out Of All Proportion To That Which His Richer Rival Has To Put Down.

Let Us Then Repeat And Firmly Fix This Main Point: The Evil, The Root Evil, Of That To Which The Term Capitalism Has Come To Be Applied, Is Neither Its Functioning For Profit Nor Its Dependence Upon Legally Protected Private Property; But The Presence Of A Proletariat, That Is Of Men Possessing Political Freedom, But Dispossessed Of Economic Freedom, And Existing In Such Large Numbers In Any Community As To Determine The Tone Of All That Community.

When The Mass Of Men Are Dispossessed - Own Nothing - They Become Wholly Dependent Upon The Owners; And When Those Owners Are In Active Competition To Lower The Cost Of Production The Mass Of Men Whom They Exploit Not Only Lack The Power To Order Their Own Lives, But Suffer From Want And Insecurity As Well.