The Relation of Political Economy to the Labor Questions

Cover The Relation of Political Economy to the Labor Questions
The Relation of Political Economy to the Labor Questions
Carroll Davidson Wright
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Walker. Dr%K&*r 36 The Relation of Political Economy artificers of luxury live seduces the indigent peasantry, draws them to the manufacturing centres, and the country is deserted. Luxury corrupts the morals of men, a truth no ethical writer will decline to adopt ; but morals may subsist with wealth : it is luxury which vitiates. It occasions continual variations of taste and manners. The expense luxury, requires inflames cu- pidity ; money is run after, and purchased at any rate ; and from the... moment this mercenary greediness pos- sesses the mass of the nation, as it did to considerable extent in 1873, virtue becomes ridiculous; honor, a chimera ; and the credit system takes the place of a sound basis for commercial transactions. Merit is then weighed by gold : dignities and employments and of- fices are valued only in proportion to the money they bring in. The rigor of law yields to the impulse of luxury. In this condition a fatal calm exists as a sure corollary, which looks like prosperity, but which simply forebodes a violent storm.

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