The number of wealth-owners in Europe has increased twice as rapidly
as population during the past twenty years. In the United States we
find that ownership of land, railways, banks, bonds, industrial
stocks, etc., have actually increased three or four times as rapidly
as the population. For instance: In 1901, the year of the organization
of the "Steel Trust," so-called, there were just about fifty-five
thousand men and women who owned all the iron and steel plants in this
country, and at this time the Steel Company did seventy per cent. of
the iron and seventy-five per cent. of the steel production of the
nation. Today the U.S. Steel Company produces only forty-five per
cent. of the iron and steel, and in place of fifty-five thousand
owners of the iron and steel business, there are now over three
hundred and fifty thousand owners. Seventeen years ago the Great
Northern Railway was owned by one hundred and twenty-two stockholders;
today that same railroad has eighteen thousand owners.
An investigation by the New York Journal of Commerce, a short while
ago, proved that two hundred and thirty-one industrial and railway
corporations had ten years ago less than two hundred and thirty
thousand owners, but those same companies now have eight hundred and
thirty-five thousand owners (round numbers). Like illustrations could
be cited to fill pages of this book. This shows that the so-called
scientific theory of Marx Socialism is a myth, a dream, an imagination
from the brain of Karl Marx. Socialism would be unwise because it
would be an attempt to change human nature by economic and political
processes. This world has progressed in just that proportion as it has
got away from things Socialistic. The imperialistic Socialism of
ancient Rome destroyed that greatest of nations; the barbarian
Socialism of Peru, with thirty million followers, was destroyed by a
handful of Spanish adventurers.
The Socialization of railways, the municipal ownership of a street
railway, a gas plant or an electric lighting plant, has, as a rule,
proved a failure when all the facts are taken into consideration. This
wild yell of the Socialists, that labor receives but a small part of
the wealth it produces, has no foundation in fact and is but the
uncouth and unintelligent expression of minds who were never made for
statistical insight or investigation.
The promise of the "full value of your production" is a false promise
and known to be such by every intelligent Socialist. The workers today
do far less work, with less hours, and yet receive twice as high wages
compared fifty years ago. This is due to organization and invention of
the few. That is, a small minority of society have organized industry
and made economic production possible; "they have made two blades of
grass grow where one grew before." The Socialists would reverse this,
for it is absolutely certain that under the blighting influence of
economic Socialism, production would go down.
Public-domain text, read in full here on John Shaqi.
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