Revolt Library >> Browsing by Tag "reciprocal"
Written: August 1874; Source: Bakunin on Anarchy, translated and edited by Sam Dolgoff, 1971. Bakunin was above all preoccupied with the theory and practice of revolution and wrote very little about how the everyday practical problems of social reconstruction would be handled immediately following a successful revolution. Nevertheless, these problems were intensively discussed in Bakunin’s circle and among the anti-authoritarian sections of the International. In “Ideas on Social Organization”, Guillaume discusses the transition from capitalism to anarchism – a synthesis of “Bakuninist” ideas on how this transition could be effected without the restoration of authoritarian institutions.” Its value lies not in the specific recom... (From : Marxists.org.)
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.)