The Camel and the Needle's EyePonsonby, Arthur Ponsonby, Baron
Philosophy
The Camel and the Needle's Eye
Ponsonby, Arthur Ponsonby, Baron
Wealth; Wealth -- Moral and ethical aspects
To maintain the supremacy of money as a standard, as a test, as a
reward, and as an incentive, we have a whole body of professions
exclusively devoted to the making of it for themselves and for us
without our having the exertion of working for it. And yet they
and their army of clerks have to slave in their offices, lending,
borrowing, broking, speculating, gambling, company-promoting,
constructing syndicates, creating trusts and combines, occupied with
all the complicated and involved tricks of a trade which of all trades
is the most tricky. They must not be too nice or too scrupulous. They
must suppress any inclination they might naturally have to be sensitive
or particular. They are occupied largely in trying secretly to get the
better of someone else or sometimes in manipulations of a dubious,
or perhaps we ought to say mysterious nature, and their profession,
which is avowedly and exclusively to make money at all costs, must of
necessity cast some blight on their lives and characters.
An increasingly large share of the wealth of the modern world falls
into the hands of stock-brokers, company-promoters, and other
financiers, who are the high priests of money. Such is their power
in controlling the money market, manipulating prices, and directing
gambling operations on the stock exchange that they gradually come to
occupy the place of government not only in the world of finance, but in
the industrial world and even to some extent in the world of politics.
The large body of ordinary investors and speculators are completely at
their mercy, for only a very few can pretend to master or follow the
intricacies of this highly elaborated system which the large financiers
have set up like a huge web to catch all contributions coming from
the investments and savings of the general public. But the general
business of private finance is the immediate concern of every man, and
it is certainly the subject about which most people think they know
something and many people know a good deal. Mystery pervades it. A man
will tell you his professional experiences, he will even confide to you
his domestic cares and his moral delinquencies, his religious views he
is ready to lay bare before you. But on his financial affairs he will
be silent, and no one would dream of committing the indiscretion of
questioning him on so delicate and sacred a topic. Little or nothing is
known of how a man comes by his money. The industry or ability he has
displayed in making his fortune is not what is admired, but his actual
riches. It never occurs to people to inquire if or how a man has earned
his money, all they want to know is if he has actually got it.
Public-domain text, read in full here on John Shaqi.
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