Bad Times: An Essay On the Present Depression of Trade, Tracing It to Its Sources in Enormous Foreign Loans, Excessive War Expenditure, the Increase of Speculation And Millionaires, And the Depopulation of the Rural Districts; With Suggested Remedies

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The more essential and im- portant consideration is this — that whe/mver the few rapidly accumulate excessive wealth, the many must, necessarily, become comparatively poorer. This is not generally acknowledged, but the proof of it is easy.
Every year a definite amount of wealth is produced in our country by various kinds of industry, and the particular share of every individual is directly or indirectly, derived from this store of wealth. There is really no other means of accumulating wealth or
... storing up capital but by obtaining, in one way or another, a portion of this annually-produced national wealth. The landowner, by holding possession of the prime essential of existence and the fundamental F 66 BAD TIMES.
source of all wealth, obtains a very large share hy his power of taxing the community in the form of rent. The trader gets his share in return for the labour, skill, and capital which he expends in facili- tating home exchange ; while the merchant secures his share for doing the same thing as regards inter- national exchange.


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