The industrial republic: a study of the America of ten years henceSinclair, Upton
History
The industrial republic: a study of the America of ten years hence
Sinclair, Upton
Socialism -- United States; United States -- Economic conditions -- 1865-1918; United States -- Social conditions -- 1865-1918
By this marvellous machine, the “telharmonium,” all
previously existing musical instruments are relegated to the junk heap;
and all music composed for them becomes out of date. At one leap the art
of music is set free from all physical limitations, and the musician is
given command of all possible tones, and may play to ten thousand
audiences at once. It is worth while pointing out, that, living under
the capitalist system as we are, the inventor had no recourse save to
use his machine to make profits, and so the newspapers, which are also
in business for profits, left it to make its own way. So it came about
that the first public exhibition of an invention which means more to
humanity than any discovery since the art of printing, received mention
in only one New York paper, and that to the extent of three or four
inches.
But to return to the Revolution, and the first steps which have to be
taken.
There are some industries which anyone can see are all ready for public
ownership; and when the people have once found out the way, they will be
very impatient with all remaining forms of rent, interest, profit and
dividends. Also, the exploiters will soon learn to give way. Just as
soon as the proprietors of department stores find that the people
seriously intend to open a public store in every city, and to sell goods
at cost, they will be glad to sell out for a few cents on the dollar;
just as soon as the bankers find out that there is really to be a
national bank, charging no interest, and incapable of failing, they will
do the same with their buildings and outfits. To quote a paragraph from
“The Jungle” (page 405), “The coöperative Commonwealth is a universal
automatic insurance company and savings bank for all its members.
Capital being the property of all, injury to it is shared by all and
made up by all. The bank is the universal government credit account, the
ledger in which every individual’s earnings and spendings are balanced.
There is also a universal government bulletin, in which are listed and
precisely described everything which the Commonwealth has for sale. As
no one makes any profit by the sale, there is no longer any stimulus to
extravagance, and no misrepresentation, no cheating, no adulteration or
imitation, no bribery, no ‘grafting.’”
Public-domain text, read in full here on John Shaqi.
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