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
And do you realize what it means to have 420 cities and towns with the
population of 8,000 to 100,000 individuals in each? Do you know what
[SN: CITIES BUILT BY LABORERS.] it means to have nearly seven-tenths of
their population without property, when they cannot exist without it?
And what it means to have 28 cities whose population is above 100,000,
and which goes up to millions in some of them; and yet nearly
four-fifths of their people are without homes, without property, and
without any resources of their own? And do you know that these very
cities (and towns) have almost all been built out of the realized labor
energy or on account of the results of labor of these slaves of
dividogenesure?
And this is not all, for, according to the Bulletin, we had 32,656,808
of the propertyless individuals, while the 2d R. table, p. 36, [SN:
COULD BUILD 33 GREAT CITIES.] which resulted from the 2d table on p. 32,
and which was published in 1897—this table authoritatively demands that
we should add 1,251,469 more propertyless people to the number found in
the Bulletin. This additional number of the propertyless could make yet
another one of the most populous cities in the world. And, being added
together, these people could inhabit not 32 but 33 cities, with the
total population of 33,908,277 individuals or nearly 34-millions of
souls.
Imagine! The whole nation in 1865 was made [SN: WHOLE NATION OF 1865
PROPERTYLESS IN 1890.] up of this number of people, whose wealth
aggregated over $24,000,000,000 worth. Now the principle of
dividogenesure required but 25 years to render the [SN: BY INCREASING
PROPERTY MEN LOST PROPERTY.] number of the propertyless equal to the
entire nation of 1865. Is it not an astonishing fact that while this
great number of the propertyless people grew up, the national wealth
actually increased by the worth of about $41,877,475,129? For in 1860
the total aggregate of it was $16,159,616,068, whereas in 1890 it
aggregated to $65,037,091,197 worth of wealth.
Public-domain text, read in full here on John Shaqi.
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