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
In view of these contrasting facts, can any one say that the 33-millions
of the property-losers were idle? or that the phenomenal increase of the
wealth was produced [SN: HUMAN ENERGY IS THE INITIAL OPERATOR IN
PRODUCTION.] by the very few owners of it because they had the most
effective capital at their own hands? No, sir, the capital itself is
dead in every respect and form, and not a single piece of it can produce
anything by itself. But, being effective aid, assistant in production,
capital only helps _the living human energy_ to increase the results of
its labor. And it follows that whatever the increase in production due
to mechanical forces or to other capital may be, it must be attributed
to the activity of human energy which manipulates all invented forms of
capital. And surely _the blessings of the various inventions_ consist in
the fact that the inventions _can aid the labor energy to produce more
wealth than it can produce without them_. Hence the real blessings of
the invented capital ought to have been preëminently in the fact of its
increasing the well-being of the millions of laborers in the various
grades of industry.
How is it, then, that the wealth of the United States nation, from 1865
to 1890, increased by more than 42-billion dollars worth, [SN: IS IT
LOGICALLY CORRECT OR MORALLY RIGHT?] while the well-being of its
producers greatly decreased? How is it that the tens of millions of the
workers not only could not obtain the due share of the wealth they
increased, but many millions of them in addition lost their own
properties? How is it that the great blessings of the inventors have
been changed into great curses against their well-being, because now
they appeared to be absolutely dependent for life on the wealthy few,
having nothing of their own? No explanations of minor causes can answer
these questions, but the great injustice of dividogenesure explains
them.
But what can the propertyless people do when they increase and when all
the wealth and capital produced by the people are monopolized by a few
families, as even the 1st and 2d tables, p. 47, show the facts? What can
the 33,908,277 individuals without property do, when they have nothing
to hope for but labor under the principle of dividogenesure for the
wealthy few that consist of less than a million families in the enlarged
nation?
Public-domain text, read in full here on John Shaqi.
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