Browsing Revolt Library By Tag : immaterial

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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.)


[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.)

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