Socialism Its Strength Weakness Problems And Future

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Socialism Its Strength Weakness Problems And Future
Alfred Raymond Johns
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32 WEAKNESS OF SOCIALISM 33 Of course that can never be. Professor Carl E. Perry, of the University of Michigan, is author- ity for the statement that the average wage of the laboring man in the United States is about five hundred dollars per year; and that if all the incomes of all the people in the country were jjoolcd and then equally divided, each person would receive but about six hundred dollars per year. Now, such an income would not be sufficient to buy the real necessities, let alone l
...uxuries and delicacies, even though there were a large reduc- tion in the price of materials.
The story is told that once an anarchist went to Rothschild demanding money. The banker took twenty-five pounds from his safe and gave it to the man, remarking as he did, "Here is your share of the world's wealth ; go away and never complain again; you have your part. " I presume the story is not true, but the figures are accurate; and it shows that an even distribution of wealth would not make everybody rich.


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