Here's a little something I came across today. It was written by a
stockbroker on the London Stock Exchange and, with modern terms
replacing the old, is as relevant today as when it was written. And
all this applied some 20 years before European and American
governments got into their own special form of additional
skullduggery by persistently shaving the real value of the incomes
and savings of the poor and middling by over-printing their currencies.
"The enormous extension of the joint-stock system, the scientific
development of the haute finance, and the perfection of the modern
methods of market manipulation, have placed a most dangerous power in
the hands of skilful wire-pullers, and they are not slow to use it.
Somehow or other, sooner or later, a check must be put on the
depredations of those men who may be termed the vampires or
blood-suckers of the commercial world.
"For the trust or company-monger pure and simple, who is neither
producer or distributor, but is content to make his own dirty profit
out of the ruin or impoverishment of other people, is nothing but a
blood-sucker in that he benefits nobody but himself.
"True commerce is, like charity, twice blest; it advantages both
buyer and seller and, through them, the entire community; but wherein
does the world at large benefit by our dog-eat-dog fashion of
financial cannibalism, the stock combinations and share-splittings
and re-shufflings, the rigs, corners, creations of sub-trusts and
baby companies, and all the other devices of up-to-date market
jugglery? Are they not simply 'the law of the beast' working in the
mercantile world, the modern counterpart of primitive
'tooth-and-claw' rivalries that existed before company-mongering was
invented." (Hugh E. M. Stutfield, National Review, March 1898)
Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/11/
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