Politics and Property; Or, Phronocracy. a Compromise Between Democracy and Plutocracy

Politics and Property; Or, Phronocracy. a Compromise Between Democracy and Plutocracy

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 edition. Excerpt: ...in production results inevitably in one of two things (usually one of them); viz., that the price of the commodity is cheaper (seldom the case), or that the profits to the producers are larger (nearly always the case). These combinations are not made for the love of the people nor in order that the increased facility and cheapness in production that they guarantee will lessen the people's price, but always either to advance that price or make available the increased profit that will result in the maintenance of same, which can be done when, by reason of combination, the small competitor has been shut out. The greatest political heads of the day recognize this evil and seek to avert it by prohibitive legislation. Bills are introduced into the United States Senate looking to the abrogation of trusts or declaring their formation illegal, thus acknowledging a wrong state or condition of affairs somewhere; but these acts fail to act. To say virtually that men cannot enter into partnerships (which virtually trusts are, and can casually be formed in the face of all law, on this pretext) is in fact an interference with personal rights, which, if thoroughly tested, it is very questionable if Congress or any other legislative body can do. Furthermore, notwithstanding the universally recognized evil consequent upon this concentration or centralization, there is yet a view that can be taken of it, which not only does not present the appearance of evil, but of actual benefit and good, to wit: where concentration aids excellence and efficiency in output, and yet maintains the price or lessens it, as has been done in a way that cannot otherwise be secured. No man can deny that the large wagon factories of America (some of which have grown so enormous that they...show more

Product details

  • Paperback | 96 pages
  • 189 x 246 x 5mm | 186g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236678028
  • 9781236678027