Summary

Portrait of Edward Bellamy Edward Bellamy Looking Backward From 2000 to 1887… (1888)

Could there conceivably be a more conclusive demonstration of the imbecility of the system of private enterprise as a method for enriching a nation than the fact that, in an age of such general poverty and want of everything, capitalists had to throttle one another to find a safe chance to invest their capital and workmen rioted and burned because they could find no work to do?
Source: Wikisource

Portrait of Edward Bellamy Edward Bellamy Looking Backward From 2000 to 1887… (1888)

You have admired the vast economy of labor as of mechanical force resulting from the perfect interworking with the rest of every wheel and every hand. No doubt you have reflected how much less the same force of workers employed in that factory would accomplish if they were scattered, each man working independently. Would you think it an exaggeration to say that the utmost product of those workers, working thus apart, however amicable their relations might be, was increased not merely by a percentage, but many fold, when their efforts were organized under one control?
Source: Wikisource

Portrait of Edward Bellamy Edward Bellamy Looking Backward From 2000 to 1887… (1888)

Money was a sign of real commodities, but credit was but the sign of a sign. There was a natural limit to gold and silver, that is, money proper, but none to credit, and the result was that the volume of credit, that is, the promises of money, ceased to bear any ascertainable proportion to the money, still less to the commodities, actually in existence. Under such a system, frequent and periodical crises were necessitated by a law as absolute as that which brings to the ground a structure overhanging its centre of gravity.
Source: Wikisource

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