Browsing Mikhail Bakunin By Tag : banking

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Individualist Anarchism is a round square, a contradiction in set terms. As a cube is not a ball, so " Individualism " is not Anarchism. What then, is Individualism? It is the chaos of to-day in social and industrial life, which has sprung from the licentious play of self-will Self-will is the will to be somewhat, and to have hold and sway something in isolation from other such wills, and in opposition to them. Property, dominion, government, law, are embodiments of this self will. Individualism is this striving, grabbing, over-reaching, and self-seeking of atoms, that seek to possess human individuality, but go about their quest the wrong way. It calls itself civilization, progress, fair competition, free trade, and many other fine names. ... (From : AnarchyArchives.)

From the Encyclopedia Britannica
ANARCHISM (from the Gr. ἄν, and αρχος, contrary to authority), the name given to a principle or theory of life and conduct under which society is conceived without government - harmony in such a society being obtained, not by submission to law, or by obedience to any authority, but by free agreements concluded between the various groups, territorial and professional, freely constituted for the sake of production and consumption, as also for the satisfaction of the infinite variety of needs and aspirations of a civilized being. In a society developed on these lines, the voluntary associations which already now begin to cover all the fields of human activity would take a still greater extension so as to s... (From : Anarchy Archives.)

The Two Camps
You taunt us with disbelieving in God, We charge you with believing in him. We do not condemn you for this. We do not even indict you. We pity you. For the time of illusions is past. We cannot be deceived any longer. Whom do we find under God's banner ! Emperors, kings, the official and the officious world; our lords and our nobles; all the privileged persons of Europe whose names are recorded in the Almana de Gotha; the guinea, pigs of the industrial, commercial and banking world; the patented professors of our universities; the civil service servants; the low and high police officers; the gendarmes; the jailers; the headsmen or hangmen, not forgetting the priests, who are now the black police enslaving our souls to the State; the glorious... (From : Anarchy Archives.)

Voluntary Cooperation a Remedy Excerpted from the book; Individual Liberty Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. Mr. Wordsworth Donisthorpe, of London, wrote a lengthy plaint in Liberty, setting forth his woes as a citizen beset with various difficulties. He wished to be informed if Anarchism could free him from those woes, whereupon Mr. Tucker tried to lead him to the light: The Anarchists never have claimed that liberty will bring perfection; they simply say that its results are vastly preferable to those that follow authority. Under liberty Mr. Donisthorpe may have to listen for some minutes every day to the barrel-organ (though I really think that it will never lodge him in the mad-house), but at least he will have the privilege of going to...

Apex or Basis. [Liberty, December 10, 1881.] Apex says that it is a barbarism to pay interest on money. That is another way of saying that a state of society in which wealth is not universalized is barbarous, since, in our present state of evolution, those who have no capital of their own will be glad to borrow from those who have, and to pay interest for the use of the capital.(62 ¶ 1) For it is really capital that is borrowed, and not money, the latter being only the means for obtaining the former, as money would be worthless if it could not be exchanged for the capital needed. We see already that, as the loanable capital of a country increases, the rate of interest diminishes, and when the accumul...


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 The Circulation of Capital, Not Capital Itself, Gives Birth to Progress Thus it is with interest on capital, legitimate when a loan was a service rendered by citizen to citizen, but which ceases to be so when society has acquired the power to organize credit gratuitously for everybody. This interest, I say, is contradictory in its nature, in that, on the one hand, the service rendered by the lender is entitled to remuneration, and that, on the other, all wages suppose either a production or a sacrifice, which is not the case with a loan. The revolution which is effected in the legi... (From : Anarchy Archives.)


A NEW BANKING SYSTEM THE NEEDFUL CAPITAL FOR REBUILDING THE BURNT DISTRICT By LYSADNER SPOONER. BOSTON: SOLD BY A. WILLIAMS & CO. 135 WASHINGTON SREET 1873 Entered according to Act of Congress, in the year 1873, By LYSANDER SPOONER, In the office of the Librarian of Congress, at Washington. Printed by WARREN RICHARDSON, 112 Washington St. C O N T E N T S. CHAPTER I. A New Banking System CHAPTER II. Specie Payments CHAPTER III. No Inflation Prices CHAPTER IV. Security of the System CHAPTER V. The System as a Credit System CHAPTER VI. Amount of Currency Needed CHAPTER VII. Importance of the System to Massachusetts, CHAPTER VIII. The True Character of the "National" System CHAPTER IX. Amasa Walker's Opinion of the Auth... (From : Anarchy Archives.)

Lysander Spooner, Poverty: Its Illegal Causes and Legal Cures. Boston: Bela Marsh, No. 25 Cornhill. 1846. CHAPTER 3: ECONOMICAL RESULTS FROM THE PRECEDING PROPOSITIONS The last four of the preceding propositions assert the following principles, to wit: 1. The right of the parties to contracts to make their own bargains in regard to the rate of interest. 2. The right of free competition in the business of banking. 3. That the legal obligation of a debt, with specific exceptions, is extinguished by the debtor's making payment to the extent of his means, when the debt becomes due. 4. That the several creditors of the same debtor hold successive liens upon his property, for the full amount of their debts, in the order in which their debts res...


[The two Camps, which is here included, was translated by "Crastinus" from Bakunin's preface to his pamphlet refuting Mazini's theisic idealism. This work was published in the year 1871. At this time Italy witnessed the breaking-up of the workers' associations, guided by the patriotic spirit, and saw the spreading of the ideals of International Socialism, as well as the conflict between the capitalist and the working class conceptions of life. After nearly fifty years, the vibrating audacity of Bakunin's thought, their penetrating inwardness, their generosity are as alive as ever. ---ED.] You taunt us with disbelieving in God. We charge you with believing in him. We do not condemn you for this. We do not even indict you. We pity you. For th... (From : Anarchy Archives.)


from Bakunin . God and the State. ed. G. Aldred. Glasgow and London: Bakunin Press. THE WORKERS AND THE SPHINX. I.The Council of Action claims for each the full product of his labor: meaning by that his complete and equal right to enjoy, in common with his fellow-workers, the full amenities of life and happiness that the collective labor of the People creates. The Council declares that it is wrong for those who produce nothing at all to be able to maintain their insolent riches, since they do so only by the work of others. Like the Apostle Paul,the Council maintains that,if any would not work, neither should he eat." The Council of Action avers that the right to the noble name of labor belongs exclusively to productive labor. Some years ago... (From : Anarchy Archives.)

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