Continental Monthly , Vol. 6, No. 1, July, 1864: Devoted to Literature and National Policy.Various
History
Continental Monthly , Vol. 6, No. 1, July, 1864: Devoted to Literature and National Policy.
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
For this was the principle which instinctively sprang up in the world as
the basis of business, and which has never been changed. Traffic
originated in the necessities of life, and was extended by the desire to
obtain wealth. Each individual perceived some want in his neighbor, and
forthwith proceeded to supply this want, _charging just as much for the
thing supplied as the desire for the article or his need of it would
force the person supplied to pay; without reference to the equitable
price, estimated with respect to the labor bestowed in supplying the
want_. This principle of trade, originating in the most complete
selfishness, and, viewed from any high moral point, both unjust and
dishonest, has always been and is to-day the fundamental principle of
our Political Economy. That 'a thing is worth what it will bring,' is a
basic axiom of all trade. The only price which is recognized in commerce
is the market price; which is, again, what a commodity will bring. What
a commodity will bring is what the necessities of mankind will make them
pay. Thus is exhibited the curious spectacle of the existence of a
Religion which inculcates good will and love to our neighbor as the
foundation of all true civilization and virtue, coexisting side by side
with a Commercial System, a relic, like slavery, of ancient barbarism,
which forces all men to traffic with each other on the principle that
our neighbor is an object of legitimate prey.
Of course, in a System of Competitive Industry thus carried on, the
wealth of the world would fall into the hands of those of superior
powers; while the feeble, the stolid, and the ignorant would be left
poor and helpless. And, as the different classes of the community would
be no longer directly associated with each other in their labors and
interests, but would be, on the contrary, competitors--and as the fact
that there had been free competition would be held by all classes to
absolve them from any responsibility as to each other's welfare--it
would inevitably result that the weaker orders should fall into
indigence, degradation, wretchedness, starvation, and premature death.
Such has been the case. With the advent of Competitive Industry in
Europe and America--to confine ourselves to these countries--with the
disintegration of the Social System in which the different classes were
associated in mutually dependent and coöperative efforts; with the
abrogation, on the part of the superior body of citizens, of all
responsibility for, and direct interest in, the affairs and comfort of
the lower orders, has come Pauperism, Social Instability, and a degree
of misery and depravity among the poorest of the masses, never before
known in the history of the world, all things being taken into
consideration. It is a well-known saying of Political Economists, that
the rich are daily growing richer, and the poor poorer. It might be
added with truth: and more degraded and dangerous.
Public-domain text, read in full here on John Shaqi.
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