Browsing Revolt Library By Tag : banker

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It is told of Rothschild that, seeing his fortune threatened by the revolution of 1849, he hit upon the following stratagem: - “I am quite willing to admit,” said he, “that my fortune has been accumulated at the expense of others, but if it were divided among the millions of Europe to-morrow the share of each would only amount to five schillings if he asks me for it.” Having given due publicity to his promise, our millionaire proceeded as usual to stroll quietly through the streets of Frankfort. Three or four passersby asked for their five schillings, which he disbursed with a sardonic smile. His stratagem succeeded and the family of the millionaire is still in possession of its wealth. It is in much the same fashion tha... (From : Anarchy Archives.)


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.)


Source: Benjamin R.Tucker Papers, New York Public Library; Transcribed: by Mitchell Abidor. Villa “a Lujerneta" Pont Ste Devote Principality of Monaco April 11,1936 To the Editor of the American Journal of Sociology: The University of Chicago Chicago, Ill. Sir: In view of the tissue of falsehoods (I purposely refrain from saying “lies” by the advice of a beloved friend and the cautious Webster) that you have printed about me in your issue of January 1936, there is little wonder that you do not wish to be addressed individually. But, whoever you may be, I shall not allow you to escape responsibility, since I know that the writer knows, and therefore writes with malice prepense. If his air of cold impartiality has deceived you, you are ... (From : Marxists.org.)


“Be realistic, do the impossible” A Libertarian Marx? Marx’s famous address “The Civil War in France”, written in the name of the General Council of the International Working Mens Association two days after the crushing of the Paris Commune, is an inspiring text for Libertarians. Writing in the name of the International in which Bakunin had extensive influence, in it Marx revises some passages of the Communist Manifesto of 1848. In the Manifesto Marx and Engels had developed the notion of a proletarian evolution by stages. The first stage would be the conquest of political power, thanks to which the instruments of production, means of transport and credit system, would ‘by degrees’, be centralized in the hands of the State. On... (From : TheAnarchistLibrary.org.)


Translated from the French by Robert Helms "L'Oiseau Sacri" first appeared in the literary supplement of the Paris anarchist paper La Rivolte #3 (Sept. 27, 1890), reprinted from L'Echo de Paris. A few leagues from my cottage, in one of the most fertile areas in France, there lies a certain immense property. For only the past ten years the place has belonged to a well-known banker, but it isn't used for hunting parties. The chateau was partly demolished during the first revolution. Nothing remains of it but an uncrowned brick tower and some charred walls that invade the weeds, which grow into trees, and the moss. The banker considered rebuilding it according to its original design, but then abandoned the idea because of the expense involved.... (From : Mid-Atlantic Infoshop.)

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