Capital And Labor

Cover Capital And Labor
Capital And Labor
W S William Shuler Harris
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We are startled when we see that Borne 's economic condition was on a parallel with ours, before her down- fall. She held her head high above contemporary pub- lic states and was proud, supposing herself to be with- out a peer. Theodore Mommsen, that far-sighted Ger- man, who, according to several critics, wrote the best history since Gibbon laid down the pen, said in volume 4, page 607, in his history of Borne : "In consequence of this economic system, based both on its agrarian and mercantile... aspects, on masses of capital and speculation, there arose a most fearful disproportion in the distribution of wealth. " How about our own country, with its ever-increasing wealth, far beyond the power of accurate estimation? Over one-half of all this great wealth is owned by less than one per cent, of our population, and at the same time, one-half of our population is not receiving enough for its labor to live respectably according to the American standard.
There never was a stronger example of wealth dis- proportion than is furnished by our own country.


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