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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