What is Property? An Inquiry into the Principle of Right and of GovernmentProudhon, P.-J. (Pierre-Joseph)
Philosophy
What is Property? An Inquiry into the Principle of Right and of Government
Proudhon, P.-J. (Pierre-Joseph)
Economics; Property
The greatest enemy of the landed and industrial aristocracy to-day, the
incessant promoter of equality of fortunes, is the BANKER. Through him
immense plains are divided, mountains change their positions, forests
are grown upon the public squares, one hemisphere produces for another,
and every corner of the globe has its usufructuaries. By means of the
Bank new wealth is continually created, the use of which (soon becoming
indispensable to selfishness) wrests the dormant capital from the hands
of the jealous proprietor. The banker is at once the most potent creator
of wealth, and the main distributor of the products of art and Nature.
And yet, by the strangest antinomy, this same banker is the most
relentless collector of profits, increase, and usury ever inspired by
the demon of property. The importance of the services which he renders
leads us to endure, though not without complaint, the taxes which he
imposes. Nevertheless, since nothing can avoid its providential mission,
since nothing which exists can escape the end for which it exists
the banker (the modern Croesus) must some day become the restorer of
equality. And following in your footsteps, sir, I have already given the
reason; namely, that profit decreases as capital multiplies, since an
increase of capital--calling for more laborers, without whom it remains
unproductive--always causes an increase of wages. Whence it follows that
the Bank, to-day the suction-pump of wealth, is destined to become the
steward of the human race.
The phrase EQUALITY OF FORTUNES chafes people, as if it referred to
a condition of the other world, unknown here below. There are some
persons, radicals as well as moderates, whom the very mention of this
idea fills with indignation. Let, then, these silly aristocrats abolish
mercantile societies and insurance companies, which are founded
by prudence for mutual assistance. For all these social facts, so
spontaneous and free from all levelling intentions, are the legitimate
fruits of the instinct of equality.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account