"Was it indeed a new or strange phenomenon in human affairs that the
agriculturists were going to the wall, that the American farmer should
seek to account for the fact by some new and peculiarly American policy?
On the contrary, this had been the fate of the agricultural class in all
ages, and what was now threatening the American tiller of the soil was
nothing other than the doom which had befallen his kind in every previous
generation and in every part of the world. Manifestly, then, he should
seek the explanation not in any particular or local conjunction of
circumstances, but in some general and always operative cause. This
general cause, operative in all lands and times and among all races, he
would presently see when he should interrogate history, was the
irresistible tendency by which the capitalist class in the evolution of
any society through rent, interest, and profits absorbs to itself the
whole wealth of the country, and thus reduces the masses of the people to
economic, social, and political subjection, the most abject class of all
being invariably the tillers of the soil. For a time the American
population, including the farmers, had been enabled, thanks to the vast
bounty of a virgin and empty continent, to evade the operation of this
universal law, but the common fate was now about to overtake them, and
nothing would avail to avert it save the overthrow of the system of
private capitalism of which it always had been and always must be the
necessary effect.
"Time would fail even to mention the innumerable reform nostrums offered
for the cure of the nation by smaller bodies of reformers. They ranged
from the theory of the prohibitionists that the chief cause of the
economic distress--from which the teetotal farmers of the West were the
worst sufferers--was the use of intoxicants, to that of the party which
agreed that the nation was being divinely chastised because there was no
formal recognition of the Trinity in the Constitution. Of course, these
were extravagant persons, but even those who recognized the concentration
of wealth as the cause of the whole trouble quite failed to see that this
concentration was itself the natural evolution of private capitalism, and
that it was not possible to prevent it or any of its consequences unless
and until private capitalism itself should be put an end to.
Public-domain text, read in full here on John Shaqi.
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