A lecture by Victoria Claflin Woodhull ...: The review of a century; or, the fruit of five thousand years — John Shaqi
A lecture by Victoria Claflin Woodhull ...: The review of a century; or, the fruit of five thousand yearsWoodhull, Victoria C. (Victoria Claflin)
History
A lecture by Victoria Claflin Woodhull ...: The review of a century; or, the fruit of five thousand years
Woodhull, Victoria C. (Victoria Claflin)
United States -- Economic conditions -- 1865-1918; United States -- Social conditions -- 1865-1918
The real inspiration of this objection, however, springs from quite
another source. Those who make it know that with the coming of
industrial organisation, the power which money has to increase will
fall, and make it impossible for anybody to live without labour. Money
has no rightful power to increase. Its origin and sphere distinctly
forbid the power, as can be clearly shown. The theory that money is
wealth is false. It came to be accepted from the fact that valuable
things have been used as money.
Wealth is the product of labour; is anything that labour produces or
gathers. But the functions of money are representative wholly. Money
takes the place of wealth for the time—stands for it. Here is the
fallacy of a specie basis for money: specie is wealth, and can be made a
basis for the issue of money, but the error consists in making a
distinction against other kinds of wealth which would be equally as
good. Anything that has value may properly be made a basis for the issue
of a currency.
If we trace the origin of money, all this will be made plain. At the
basis of all questions relating to wealth and money, lie the
elements—the land, the water, the air—and these are the free gifts of
God to man. None have the right to dispossess others of their natural
inheritance in these elements. The right to life carries along with it
the right to the use of so much of each of these elements as is
necessary to support it. No one has a natural right to more than this.
Hence, men have no more right to seize upon the land and deprive others
of its use, or part with it to others for a consideration, than they
have to bottle the air for the same purpose. There can be no ownership
of the elements; no ownership of the land any more than of the air or
water. Pretended ownership is another name for a usurpation. But the
elements, unused, are valueless. Labour applied to them yields results,
and these are valuable, consequently wealth; the net results after
subsisting the people are the accumulated wealth of the world, and there
is no other wealth.
MONEY THE ROOT OF ALL EVIL.
Public-domain text, read in full here on John Shaqi.
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