A cityless and countryless world : $b An outline of practical cooperative individualismOlerich, Henry
Science
A cityless and countryless world : $b An outline of practical cooperative individualism
Olerich, Henry
Cooperation; Social problems -- Miscellanea
“We all know, then, that some have amassed immense fortunes of material
wealth, while the vast majority under your present conditions are
doomed to life-long toil, to poverty. But, by what means or power
did these rich men accumulate their immense wealth? Not by personal
industry, for the industrial powers of an individual are too limited.
Not by economy, for if he had saved everything he ever _earned_, he
would have but a small fractional part of what he has _accumulated_.
Not by any particular personal superiority, for the personal powers to
produce material wealth are nearly equal in all sound men and women;
but he accumulated and appropriated it by _monopoly_. You have enacted
many laws by your much prized ballot, and these rich men used those
laws to monopolize natural opportunity so that they are continually
growing richer on _interest_, _profit_, _rent_ and _taxes_, without
productive labor. You see if all monopolistic statute laws, which
include nearly all statute laws as such, were repealed and disregarded,
all would stand equal before natural opportunity. Profit, interest,
rent and taxes are produced by monopolistic laws. If there were no
monopolistic laws, no person could accumulate or appropriate wealth
without productive labor.
“Let us take an illustration: You have a few men that have over a
$100,000,000 of wealth as you call it. You can figure up in a few
minutes that they can not have _earned_ or _produced_ that amount
of wealth in one or even in two generations. But some of these men
have accumulated this immense fortune in twenty or thirty years.
Let us figure a little on this. Suppose that a man has accumulated
$100,000,000 in fifty years of three hundred working days each. This
would require an average accumulation of nearly $7,000 for every
working day. Now you all know that a man cannot, by any human power,
_earn_ or _produce_ $7,000 worth of wealth--wheat, corn, coal, books,
houses, clothing, or whatever else it may be. But we know that he has
the wealth, or your representative of wealth--the dollar; and if he
has not _earned_ it himself by productive labor, by which all wealth
must be produced, he must have appropriated it from the labor of others
in the form of profit, interest, rent or taxes, for which the receiver
_does_ nothing and for which the giver _receives_ nothing.
Public-domain text, read in full here on John Shaqi.
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