The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
Consequently, his distribution of wealth among the third group of people
is merely on paper, is nominal, is showy, and it does not correspond to
reality with reference [SN: ONLY NOMINAL DISTRIBUTION.] to more than 35
million persons as represented in Mr. Holmes’ distribution of this
wealth. Mr. Shearman might as well follow the example of Mr. Carroll D.
Wright[14] and, by a single effort in calculation, divide among all
individuals the 70 per cent of wealth that belongs to his 1.4 per cent
of the people. In doing that, he might apportion more than $1,000 worth
of it to [SN: JESUITS AND GALILEO.] every penniless individual, and then
might say, Why, we are all rich, we are the most civilized and righteous
people in the world! But such an effort, and such an assertion, however,
would not at all alter the real situation; no more than Galileo, when in
view of the danger of death, signing the Jesuit verdict in favor of the
non-revolution of our planet round the sun, could thereby stop the
actual revolution of the earth; for the earth’s progressive motion went
on, in spite of the ardent desire and policy of the Jesuits to make it
stand still by a verdict. Nothing but an indescribable shock of the
earth against another heavenly body can change its principles of motion.
The same is true of the nation. Once the principle of concentration of
wealth is left unimpeded in its action, it must work out its end; [SN:
DANGER.] it must of living necessity produce revolution and bloodshed.
And neither the extremely moderate statisticians, nor the false
averages, of even of the meanest falsehood, can prevent its action
toward such a horrible result. “You remember the French revolution?”
[SN: FRENCH REVOLUTION, ROME.] asked Hon. Jno. S. Crosby of his audience
in Binghamton,[15] N. Y., and then he said: “In France all the lands had
come into the hands of a few people, the king and nobles, and a majority
of the people were depending on them for a living. The time came when
these down-trodden people rose up and Paris streets ran with blood. Your
country will have the same experience if you keep on fooling with the
laws of God.
“Rome was once the mistress of the whole world. She lorded it over the
other countries. But she fell, and Pliny, her historian, lays the cause
of her downfall to land monopoly.”[16] And so it was with ancient Egypt;
so it was with ancient Assyria, and so it was with the Byzantine Empire,
those great and powerful nations that perished for similar misconduct in
relation to themselves.
Public-domain text, read in full here on John Shaqi.
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