The Economic Basis of Politics

Cover The Economic Basis of Politics
The Economic Basis of Politics
Beard Charles Austin
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. The consequence of all these causes has been a great subdivision of the soil and a great equality of condition; the true basis, most certainly, of popular govern- ment. " Having thus laid the foundations of politics in economics, Webster went on to give a warn- * Italics are Webster's own.
[38] Doctrines of the Philosophers ing and a prophecy. "The freest government, " he said, "if it could exist, would not be long acceptable, if the tendency of the laws were to create a rapid accumulation of
... property in few hands and to render the great mass of the population dependent and penniless. /' In such u'^ a case, the popular power must break in upon the rights of property, or else the influence of property must limit and control the exercise of popular power. Universal suffrage, for ex- ample, could not long exist in a community where there was great inequality of property. The holders of estates would be obliged in such ^' case either in some way to restrain the right of suffrage, or else such right of suffrage would ere long divide the property.

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