Property is only absolutely safe when those who hold it are far more
numerous than those who do not. When the middle class disappears from a
nation and the property falls into the hands of a few over-rich men,
then property is unsafe. We call such a condition an aristocracy of
money, and an aristocracy of money is always the child of a degenerated
or degenerating democracy. Some people, however, regard the
concentration of wealth as an indication of progress. In matters
political the obstacle is often taken for the cause. Monopolies,
trusts, and other forms of concentrated wealth are regarded by some as
the blessings of a prosperous nation. But examined in the light of
history we find that concentrated wealth has always been a means of
obstructing if not of destroying a nation. Our nation is not an
exception. We cannot say that the destructive power of concentrated
wealth is not now felt. All that is necessary is to observe the
conditions about us. Whenever the people of a nation become subservient
and dependent, and are oppressed and abused because they are so,
whenever there is little general prosperity but a great deal of
prosperity for a few, we naturally come to the conclusion that the cause
of the misery and lack of general prosperity is the great concentration
of wealth in the hands of the few. It is this conclusion, arrived at by
what are termed the masses, that has caused the many conflicts of recent
years between labor and capital. And such conflicts are natural. Man
always revolts when he suspects his misery is the consequence of a
social order capable of reformation. Force, of late years, has often
been called upon to subdue the spirit of resentment which agitates the
breasts of the poorer classes. The militia of the various States and
even government troops have been called upon in order to preserve
property and also maintain the supremacy of concentrated wealth.
Public-domain text, read in full here on John Shaqi.
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