Pages of Socialist History; Teachings And Acts of Social Democracy
Pages of Socialist History; Teachings And Acts of Social Democracy
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What takes place in commerce and in the public services, in the book trade and in the daily press, takes place also in finance and in industry. If capitals are associated in some undertaking, it is not to deprive the capi- talists associated of their capital, nor is it in order that "one capitalist should kill off many others." On the contrary, they unite in order to ex- ploit the producers better, in order to realize a larger share of profit for each participant. We have seen also that the num...ber of the proprietors, of parasitical annuitants has increased, and even tripled, in the last fifty years.
As regards finance and banking, I will confine myself to citing the statistics for the United States. My reason for this is that, as everybody knows, with the Americans banking and financial enterprises start up and disappear like mushrooms ; besides, private fortunes, difficult to calculate, 35 Digitized by VjOOQIC are created there more rapidly than in Europe. If the so-called "inevit- able'^ law of the "greater number of capitalists by the few^^ were to show its effects, the United States would present the most favorable conditions.
What to read after Pages of Socialist History; Teachings And Acts of Social Democracy?
You can find similar books in the "Read Also" column, or choose other free books by Paul Avrich Collection (Library of Congress) Dlc to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
What takes place in commerce and in the public services, in the book trade and in the daily press, takes place also in finance and in industry. If capitals are associated in some undertaking, it is not to deprive the capi- talists associated of their capital, nor is it in order that "one capitalist should kill off many others." On the contrary, they unite in order to ex- ploit the producers better, in order to realize a larger share of profit for each participant. We have seen also that the num...ber of the proprietors, of parasitical annuitants has increased, and even tripled, in the last fifty years.
As regards finance and banking, I will confine myself to citing the statistics for the United States. My reason for this is that, as everybody knows, with the Americans banking and financial enterprises start up and disappear like mushrooms ; besides, private fortunes, difficult to calculate, 35 Digitized by VjOOQIC are created there more rapidly than in Europe. If the so-called "inevit- able'^ law of the "greater number of capitalists by the few^^ were to show its effects, the United States would present the most favorable conditions.
What to read after Pages of Socialist History; Teachings And Acts of Social Democracy?
You can find similar books in the "Read Also" column, or choose other free books by Paul Avrich Collection (Library of Congress) Dlc to read onlineMoreLess
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