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
This double table shows clearly enough that there were 8,320,831 tenant
and mortgagor families that have been subject to the principle of
dividogenesure. And [SN: SUBJECT TO DIVIDOGENESURE.] that these families
had 41,061,563 individual members, including children that have now
grown up to the same fate of the drain of labor energy, under which
their unfortunate parents have been. For all these individuals, of
course, cannot exist without working in favor of the few money lenders
and propertied men, because the tenants have no resources to apply their
energy to, and the mortgagors cannot profit themselves by the loans of
exorbitantly high per cent of interest. Hence, they are all drained and
all are economic slaves of the wealthy few.
Besides, the necessary life-expenses of every one, subject to a strong
dividogenesure,[94] are absolutely greater than the same expenses of any
one in the wealthy group. While the incomes of the rich that the
millions of other individuals and the forces of capital work out, cannot
even be compared with the semi-incomes of the poor that are obliged in
any way to work for the wealthy, when these are disposed to give them a
chance to work.
Further, is it not an abnormal reality that the 420 towns and cities in
the United States should belong [SN: CITIES OWNED BY LESS THAN 24 PER
CENT OF THEIR PEOPLE.] to less than 24 per cent of the entire population
in them? And is it not strange that the remaining 76 per cent of the
inhabitants in these cities and towns should live and labor with the
purpose of feeding, fattening and enriching these 24 per cents of the
people who are really the owners of these towns and cities? And is it
not abnormal in the extreme to have 28 cities, populated by hundreds of
thousands and by millions of individuals; and that these [SN: CITIES
OWNED BY LESS THAN 14 PER CENT OF THEIR PEOPLE.] cities, including all
kinds of buildings, machines, houses, etc., etc., should actually be
possessed by less than 14 per cent of their population? And that, in
addition to this extreme abnormity, the remaining 86 per cent of their
people should be obliged to divide all results of active and creative
energy with these few owners of the great cities?
But what is inconceivably strange is that this extremely abnormal
situation should be produced in a nation governed by the people’s
representatives chosen by their good will and purpose; and that this
will and purpose should bring about the results of so great injustice
and wickedness against this people, is only possible on the basis of
ignorance, neglect of duty and selfishness.
Let us now have an idea of the progress of development of the principle
of dividogenesure in the United States, and of the rapidity with which
the people fall under its oppressive influence, thus gradually becoming
propertyless or the absolutely helpless economic slaves of those that
capture them within the extensive nets of that principle.
Public-domain text, read in full here on John Shaqi.
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