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? Already we ha... (From : proudhonlibrary.org.)
First Study. Reaction Causes Revolution. 1. The Revolutionary Force It is an opinion generally held nowadays, among men of advanced views as well as among conservatives, that a revolution, boldly attacked at its incipiency, can be stopped, repressed, diverted or perverted; that only two things are needed for this, sagacity and power. One of the most thoughtful writers of today, M. Droz, of the Académie Francaise, has written a special account of the years of the reign of Louis XVI, during which, according to him, the Revolution might have been anticipated and prevented. And among the revolutionaries of the present, one of the most intelligent, Blanqui, is equally dominated by the idea that, given sufficient strength and skill, Power is able to lead the people whither it chooses, to crush the right, to bring to naught the spirit of revolution. The whole policy of the Tribune of Belle-Isle—I beg...
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 came into existence, we have stopped being free. No matter what we do or say, the State st... (From : Kate Sharpley Library, http://www.katesharpleylibr....)
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...
An Alleged Flaw in Anarchy. [Liberty, November 29, 1890.] To the Editor of Liberty:(66 ¶ 1) I am sorry if I have misinterpreted Liberty. I have not what I wrote before me, but I do not think I could have had the slightest intention of imputing to Liberty a force campaign against interest; but I believed (am I wrong?) that I had seen both interest and rent denounced in Liberty as objectionable and opposed to the interests of society. It was to this I was referring as a moral campaign. My own position is that interest is both moral and useful, and often more than anything else a chance of a better future to workmen. If workmen would...
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 most humiliat... (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 contrary, precisely bec... (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 effected in the legi... (From : Anarchy Archives.)
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.)
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, and according to the practical administration o... (From : Anarchy Archives.)