The rise, progress, and phases of human slavery: How it came into the world and how it shall be made to go outO'Brien, James Bronterre
History
The rise, progress, and phases of human slavery: How it came into the world and how it shall be made to go out
O'Brien, James Bronterre
Labor; Labor movement; Slavery; Social problems; Working class
“That the National Currency should be based on real, consumable wealth,
or on the _bona fide_ credit of the State, and not upon the variable
and uncertain amount of scarce metals; because a currency depending on
such a basis, however suitable in past times, or as a measure of value
in present international commerce, has now become, by the increase of
population and wealth, wholly inadequate to perform the functions of
equitably representing and distributing that wealth; thereby rendering
all commodities liable to perpetual fluctuation in price, as those
metals happen to be more or less plentiful in any country; increasing
to an enormous extent the evils inherent in usury, and in the banking
and funding systems (in support of which a legitimate function of the
law--the PROTECTION of property--is distorted into an instrument for
the CREATION of property to a large amount for the benefit of a small
portion of society belonging to what are called vested interests);
because, from its liability to become locally or nationally scarce or
in excess, that equilibrium which should be maintained between the
production and consumption of wealth is destroyed; because, being of
intrinsic value in itself, it fosters a vicious trade in money, and a
ruinous practice of commercial gambling and speculation; and, finally,
because, under the present system of society, it has become confessedly
the ‘root of all evil’ and the main support of that unholy worship of
Mammon which now so extensively prevails, to the supplanting of all
true religion, natural and revealed.
“That in order to facilitate the transfer of property or service, and
the mutual interchange of wealth among the people, to equalise the
demand and supply of commodities, to encourage consumption as well
as production, and to render it as easy to sell as to buy, it is an
important duty of the State to institute in every town and city public
marts or stores for the reception of all kinds of exchangeable goods,
to be valued by disinterested officers appointed for the purpose,
either upon a corn or a labour standard; the depositors to receive
symbolic notes representing the value of their deposits, such notes to
be made legal currency throughout the country, enabling their owners to
draw from the public stores to an equivalent amount, thereby gradually
displacing the present reckless system of competitive trading and
shopkeeping,--a system which, however necessary, or unavoidable in
the past, now produces a monstrous amount of evil, by maintaining a
large class living on the profits made by the mere sale of goods, on
the demoralising principle of buying cheap and selling dear, totally
regardless of the ulterior effects of that policy upon society at large
and the true interests of humanity.”
Public-domain text, read in full here on John Shaqi.
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