Revolt Library >> Browsing by Tag "credit"
THE COMING ERA OF MUTUALISM. From the "System of Contradictions in Political Economy," [V. II, 527-9] BY P. J. PROUDHON. [English translation] If I am not deceived, my readers must be convinced at least of one thing, that Social Truth is not to be looked for either in Utopia or in the Old Routine; that Political Economy is not the Science of Society, and yet that it contains the elements of such a science, even as chaos before creation contained the elements of the universe; and finally, that in order to arrive at the definitive organization which would appear to be the destiny of our race upon this globe, it is only necessary to make a general equation of all our contradictions. But what shall be the formula of this equation? ... (From : proudhonlibrary.org.)
To Business Men. To you, business men, I dedicate these new essays. You have always been the boldest, the most skillful revolutionaries. It was you who, from the third century of the Christian era, drew the winding-sheet over the Roman Empire in Gaul, by your municipal federations. Had it not been for the barbarians, whose coming suddenly changed the aspect of affairs, the republic which you established would have ruled the Middle Ages. Remember that the monarchy in our country is Frankish, not Gallic. It was you who later vanquished feudalism, arraying the town against the castle, the king against the vassals. Finally, it was you who, for eighty years past, have proclaimed, one after the other, all the revolutionary ideas—liberty of worship, liberty of the press, liberty of association, liberty of commerce and industry: it is you who, by your cleverly drawn constitutions, have curbed the altar and the throne, and established upon a perm...
How are we to establish a truly free and egalitarian society? - Ba Jin These days these words "freedom and equality" are part of the vocabulary of each and every one of us. But make a few inquiries and ask: What is freedom? and you will be told "Freedom means freedom of opinion, freedom of the press, freedom of association and assembly, the freedom of secrecy of correspondence". Ask: What is equality? and you will be told: "All citizens are equal before the law, with no difference between the high-born and the yokel." Now, such narrow definitions have nothing to do with true freedom, true equality. Don't believe me? Then have a read of the following. The blight upon the people's freedom is the State. Ever since the State ... (From : Kate Sharpley Library, http://www.katesharpleylibr....)
State Socialism and Anarchism: How far they agree, and wherein they differ. 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. This essay, which is the clearest statement on the subject that has ever been produced, was written by Mr. Tucker in 1886, in response to an invitation from the editor of the North American Review to furnish him a paper on Anarchism. It was accepted, announced for publication, and was paid for; but it was never printed in that magazine, and, after numerous letters of inquiry had been sent, the manuscript was returned to the author, although the editor of the Review volunteered the declaration that it was the ablest article that he had received during his editorship. It appeared as the leading article in ...
More Questions.[Liberty, January 28, 1888.] To the Editor of Liberty:(14 ¶ 1) I thank you for your courteous treatment of my questions in your issue of December 31, and as you express a willingness in this direction, I will follow in the same line, and trust you will still think my questions are pertinent and proper.(14 ¶ 2) Do you think property rights can inhere in anything not produced by the labor or aid of man?(14 ¶ 3)...
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 Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a ... (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 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 contr... (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 effect... (From : Anarchy Archives.)
A LECTURE on the INDUSTRIAL and Financial Problems Fellow Laborers, Brothers, Sisters, of the Great Human Family: 'I APPEAR before you not as a silver tongued speaker to tickle your fancies, please your conceits, or to call forth your applause by lofty flights of oratory; but as a cool and and deliberate sympathizer in your labors, sufferings, hopes and fears; as one who for years has studied to find out what the matter is in this favored land, that possesses all the elements of prosperity of all other countries in the world; that there can be at the same time creaking warehouses, burdened by the surplus products, and also millions starving. Mothers agonizing for their children who cry for bread they have not to give; fathers despera... (From : RevoltLib.com.)
Lysander Spooner A Letter to Grover Cleveland, on his false Inaugural Address, the Usurpations and Crimes of Lawmakers and Judges, and the consequent Poverty, Ignorance, and Servitude of the People  A LETTER TO GROVER CLEVELAND. Section I. To Grover Cleveland: Sir, Your inaugural address is probably as honest, sensible, and consistent a one as that of any president within the last fifty years, or, perhaps, as any since the foundation of the government. If, therefore, it is false, absurd, self-contradictory, and ridiculous, it is not (as I think) because you are personally less honest, sensible, or consistent than your predecessors, but because the government itself—according to your own description of it,... (From : Anarchy Archives.)