The history of human thought recalls the swinging of a pendulum which takes centuries to swing. After a long period of slumber comes a moment of awakening. Then thought frees herself from the chains with which those interested--rulers, lawyers, clerics--have carefully enwound her. She shatters the chains. She subjects to severe criticism all that has been taught her, and lays bare the emptiness of the religious political, legal, and social prejudices amid which she has vegetated. She starts research in new paths, enriches our knowledge with new discoveries, creates new sciences. But the inveterate enemies of thought--the government, the lawgiver, and the priest--soon recover from their defeat. By degrees they gather together their scattered forces, and remodel their faith and their code of laws to adapt them to the new needs. Then, profiting by the servility of thought and of character, which they themselves have so effectually cultivated; profiting, too,...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)
There are periods in the life of human society when revolution becomes an imperative necessity, when it proclaims itself as inevitable. New ideas germinate everywhere, seeking to force their way into the light, to find an application in life; everywhere they are opposed by the inertia of those whose interest it is to maintain the old order; they suffocate in the stifling atmosphere of prejudice and traditions. The accepted ideas of the constitution of the State, of the laws of social equilibrium, of the political and economic interrelations of citizens, can hold out no longer against the implacable criticism which is daily undermining them whenever occasion arises,--in drawing room as in cabaret, in the writings of philosophers as in daily ... (From : Anarchy Archives.)