Publisher's Synopsis
Excerpt from Labor and Capital: A New Monetary System; The Only Means of Securing the Respective Rights of Labor and Property, and of Protecting the Public From Financial Revulsions
A moderate amount of labor readily produces an abun dant supply of necessaries and comforts for man; but the present distribution of these products is such, that a large number of those who labor much more than their share in the production, receive a very small proportion of the products, while the larger proportion accumulates in the possession of those who are employed neither in produc ing nor in distributing them. The greater portion of the human family toil day by day for a scanty subsistence, and are destitute of the time and means for social and in tellectual culture. The industrious poor, as a class, do not obtain even a competence. Their destitution often in duces them to trespass against existing laws, to obtain a small proportion of that, which, under just laws, would be abundantly awarded to them as a fair compensation for their labor. All candid men will acknowledge this truth, that the wealth is not distributed in accordance with either the physical or the mental usefulness of those who obtain it. Opposed to the masses who live in toil and poverty, is a small proportion of the human race, sur rounded by all the appliances of luxury, and living in comparative idleness; while their abundant means of so cial and intellectual culture are too often neglected, or ren dered useless by indolence and self-indulgence. These extremes of wealth and poverty, of luxury and want, of idleness and labor, are great, somewhat in proportion to the antiquity of a nation, or the length of time that its monetary law, or system, has been in operation.
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