Capital, Profits and Interest 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. In the study of the economic question, the first thing that must engage our attention is why the worker fails to get all of the product of his labor. Volumes have been written by economists of various schools in discussion of the problem, most of them muddling about in the mire of their own misconceptions. But the editor of Liberty went straight to the heart of the matter and quickly found the answer: Somebody gets the surplus wealth that labor produces and does not consume. Who is the Somebody? Such is the problem recently posited in the editorial columns of the New York Truth. Substantially the same question has been asked a great many ti...
Contract Or Organism, What’s That To Us? [Liberty, July 30, 1887.] Some very interesting and valuable discussion is going on in the London Jus concerning the question of compulsory versus voluntary taxation. In the issue of June 17 there is a communication from F. W. Read, in which the following passage occurs:(4 ¶ 1) The voluntary taxation proposal really means the dissolution of the State into its constituent atoms, and leaving them to recombine in some way or no way, just as it may happen. There would be nothing to prevent the existence of five or six States in England, and members of all these States might be living in the same house! The proposal is, it appear...
TO THE EDITOR OF "FREEDOM" A disparaging remark in Freedom treating this constructive idea, in which Proudhon finds the lever of a pacific revolution in economics, as superficial, not radical, seems to me less than justly appreciative. Referring for Proudon's elaboration of the plan to his 'Idea General de la Revolución' and his 'Solution du Problems Social.' I would here present it as the natural evolution and complement of the cooperation institution which has achieved great success in England, the Protective Union Store. If my impressions are correct, your first at Rochdale was developed along with other good things from an original cooperative factory. Cooperative production, besides the cost of its plans, presents social problem... (From : AnarchyArchives.)
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 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 desperate and ready for almost anything that promises redress. I come... (From : RevoltLib.com.)
(By an Individualist Anarchist.) THE two primary purposes for which the State exists are these: the maintenance of legal property, from which arises an monopolies of land and means of labor; the manufacture of the so-called legal currency, or medium of exchange; and practically speaking Anarchists attack these two monster evils. The State has arisen out of and still embodies the principle of Mutual Distrust, and it can only be abolished by replacing this principle by that of Mutual Confidence. Doubtless there is a tendency towards a growth of this latter principle, and hence the hope of the Anarchist. People who are not accustomed to question the present order of things, treat as perfectly chimerical or utopian the idea of doing away with m... (From : AnarchyArchives.)
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.)
What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Half a century after the events concerned, the Guardian and the BBC unearthed the facts about Edward VIII (later Duke of Windsor). Only their interpretations are dubious. They say the Establishment suspected Edward for his fascist views, and used the Mrs Simpson affaire as an excuse to get rid of him. Certainly Edward collaborated with the Nazis before and during the war and by law should have been hanged for high treason (even now a capital offense). He deserted his post in front of the enemy in France during the war and went to Spain. Another death sentence was due. Prime Minister Churchill then sent him off on a handsome salary to govern the Bahamas, where he gave information and advice to Berlin (a third death sentence!) and engaged in ... (From : Hack.org.)