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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 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.)
THE WAGE SYSTEM BY PETER KROPUTKIN. FREEDOM PAMPHLETS. No. 1. New Edition. 1920. I. REPRESENTATIVE GOVERNMENT AND WAGES. In their plan for the reconstruction of society, the Collectivists commit, in our opinion, a double error. Whilst speaking of the abolition of the rule of capital, they wish, nevertheless, to maintain two institutions which form the very basis of that rule, namely, representative government and the wage system. As for representative government, it remains absolutely incomprehensible to us how intelligent men (and they are not wanting among the Collectivists) can continue to be the partizans of national and municipal parliaments, after all the lessons on this subject bestowed on us by history, whether i... (From : Anarchy Archives.)
WORK AND SOCIAL UTILITY. THE word work, like "the word honesty, has obtained a quite peculiar meaning under the capitalist system of production. It is used indiscriminately for every sort of human labor. Yet how can any labor differ more widely than the slavery of a tram conductor from the free and useful work of the village blacksmith in Longfellow's poem- "Toiling,-rejoicing,-sorrowing, Onward through life he goes; Each morning sees some task begun, Each evening sees its close; Something attempted, something done, Has earned a night's repose." Work in the true sense means neither enforced and slavish toil nor the purposeless efforts of the man who plays with some occupation for mere amusement. &n... (From : AnarchyArchives.)