"The principle now in practice is to induce a large portion of
society to devote their lives to distribute wealth upon a large,
a medium, and a small scale, and to have it conveyed from place
to place in larger or smaller quantities, to meet the means and
wants of various divisions of society and individuals, as they
are now situated in cities, towns, villages, and country places.
This principle of distribution makes a class in society whose
business is to _buy from_ some parties and to _sell to_ others.
By this proceeding they are placed under circumstances which
induce them to endeavor to buy at what appears at the time a low
price in the market, and to sell again at the greatest permanent
profit which they can obtain. Their real object being to get as
much profit as gain between the seller to, and the buyer from
them, as can be effected in their transactions.
"There are innumerable errors in principle and evils in practice
which necessarily proceed from this mode of distributing the
wealth of society.
"1st. A general class of distributers is formed, whose interest
is separated from, and apparently opposed to, that of the
individual from whom they buy and to whom they sell.
"2nd. Three classes of distributers are made, the small, the
medium, and the large buyers and sellers; or the retailers, the
wholesale dealers, and the extensive merchants.
"3rd. Three classes of buyers thus created constitute the small,
the medium, and the large purchasers.
"By this arrangement into various classes of buyers and sellers,
the parties are easily trained to learn that they have separate
and opposing interests, and different ranks and stations in
society. An inequality of feeling and condition is thus created
and maintained, with all the servility and pride which these
unequal arrangements are sure to produce. The parties are
regularly trained in a general system of deception, in order
that they may be the more successful in buying cheap and selling
dear.
"The smaller sellers acquire habits of injurious idleness,
waiting often for hours for customers. And this evil is
experienced to a considerable extent even amongst the class of
wholesale dealers.
Public-domain text, read in full here on John Shaqi.
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