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
But the dollar differences cause a great many other differences between
the rich and the poor. The poor man is not only poor in wealth, but he
is poorer still in social [SN: POOR IN SOCIAL RIGHTS.] rights and
privileges. And there is no possibility for the poor to rise up out of
his poverty. For he has no resources of wealth which the rich people
have; and he has no property of his own; for if he is worth but $99,
which is really his house-scarb,[8] he has no productive property at
all; he is then absolutely dependent upon the mercy of the wealthy,
without which he cannot exist even for six months. He cannot acquire
higher education and training, because he is encompassed with poverty
which furnishes no means for the education that helps men to acquire
wealth. Hence, the lack of education keeps the poor in poverty; and this
poverty prevents him from getting the helpful education. So that,
poverty and ignorance become the bitter enemies of the above millions of
individuals in the modern world of progress. Yet the modern poor have a
far more potent enemy than poverty and ignorance combined, which we
shall see later on.
Meanwhile, we will say here, that the rich are the masters over the poor
in the sphere of law, in the sphere of politics, in the club, in the
theater, in the church, at home [SN: DOMINANCY OF THE RICH.] and
abroad—everywhere; as if all power were given unto them under the
heavens over the poor. And how many church-ministers would not give them
the same power and the best places in the hereafter? For the very
character of sermons in our days depends upon the pleasures of the rich
in many churches, because the ministers depend upon the wealthy few more
than they depend on the millions of the poor. While all these poor are
the rich men’s economic slaves, spending half of their labor energy in
favor of the wealthy. That is what the Nineteenth Century has provided
for the nation.
But the above statistical conclusions were by many regarded as “roseate”
and “extremely moderate conclusions.” And it was in consequence of this
that Dr. Spahr [SN: CONCLUSIONS ARE MODERATE.] was obliged to reiterate
the expression: “Since the completion of this study, a volume has
appeared that must set at rest all question as to the extreme moderation
of the estimates reached.”[9] For it was clear that every new
investigation of the distribution of wealth confirmed the fact of a more
and more rapid concentration of the national wealth in fewer hands than
before. And it is the question of poverty, that spreads like contagion,
that the American people have now to deal with, in view of a phenomenal
increase of the national wealth which concentrates in the few hands. And
it is this question that cannot be set at rest while millions grow
poorer and poorer and the propertyless increase in numbers, as we shall
soon see.
Public-domain text, read in full here on John Shaqi.
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