Modern Economic Tendencies; An Economic History of America
Modern Economic Tendencies; An Economic History of America
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In our eReader you can find the full English version of the book. Read Modern Economic Tendencies; An Economic History of America Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Modern Economic Tendencies; An Economic History of America
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IV. Is an Interest-bearing Loan Inevitable? The entire existing factory-system, involvi -g as it does the daily direction of labor into tasks not immediately productive, and the entrust- ing of costly appliances to those who do not own them, yet without any suggestion of any burden of interest-payments attached thereto, stands as a complete refutation of the idea.
V. Are Interest-payments Limited to the Period of Temporary Unproductivity of the New Appliances? Never! Not only is the overwhelmin...g bulk of all interest now paid upon capitalism attached to appliances which have long been productive, or which have lived their natural life of usefulness and already fallen into decay or desuetude, but the very fact of their becom- ing productive acts as a signal, under commercialism, not for the concellation of the loan and the termination of interest- payments, but for an energetic expansion of the capitalism attached thereto. The attainment of the appliances to produc- tivity is accepted as a sign that the traffic based thereon will now bear a heavier charge; and so that charge is immediately imposed, in the form of additional issues of interest-bearing securities, or of a rise of market-value of those already out.
What to read after Modern Economic Tendencies; An Economic History of America?
You can find similar books in the "Read Also" column, or choose other free books by Sidney a Sidney Armor Reeve to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
IV. Is an Interest-bearing Loan Inevitable? The entire existing factory-system, involvi -g as it does the daily direction of labor into tasks not immediately productive, and the entrust- ing of costly appliances to those who do not own them, yet without any suggestion of any burden of interest-payments attached thereto, stands as a complete refutation of the idea.
V. Are Interest-payments Limited to the Period of Temporary Unproductivity of the New Appliances? Never! Not only is the overwhelmin...g bulk of all interest now paid upon capitalism attached to appliances which have long been productive, or which have lived their natural life of usefulness and already fallen into decay or desuetude, but the very fact of their becom- ing productive acts as a signal, under commercialism, not for the concellation of the loan and the termination of interest- payments, but for an energetic expansion of the capitalism attached thereto. The attainment of the appliances to produc- tivity is accepted as a sign that the traffic based thereon will now bear a heavier charge; and so that charge is immediately imposed, in the form of additional issues of interest-bearing securities, or of a rise of market-value of those already out.
What to read after Modern Economic Tendencies; An Economic History of America?
You can find similar books in the "Read Also" column, or choose other free books by Sidney a Sidney Armor Reeve to read onlineMoreLess
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