The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.
When the mass of families in a State are without property, then those who were once citizens become virtually slaves. The more the State steps in to enforce conditions of security and sufficiency; the more it regulates wages, provides compulsory insurance, doctoring, education, and in general takes over the lives of the wage-earners, for the benefit of the companies and men employing the wage-earners, the more is this condition of semi-slavery accentuated.
Never could an increase of comfort or security be a sufficient good to be bought at the price of liberty.
In the form of security and sufficiency for the men who labor to the profit of others, and in the form of registering and controlling them in the form of an organized public supervision of their labor, slavery is already afoot. When slavery shall succeed it will succeed through the acquiescence of those who will be enslaved, for they will prefer sufficiency and security with enslavement, to freedom, responsibility, insecurity and the threat of insufficiency.
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