On the record
It has become an article of faith; and the economical history of the century which has elapsed since Adam Smith wrote has been, so to speak, an actual commentary upon it.
Said by
Petr Alekseevich Kropotkin
Source
gutenberg.orgPetr Alekseevich Kropotkin: “It has become an article of faith; and the economical history of the century which has elapsed since Adam Smith wrote…”
Editor's note · Context
Kropotkin asserts that the economic history of the past century serves as a commentary on Smith's original work.
Share
More from Petr Alekseevich Kropotkin
None of these are produced in greater quantities than would be required to secure well-being for all; and the over-production, so often spoken of, means nothing but that the masses are too poor to buy even what is now considered as…
Most socialists had hitherto said that in our present civilized societies we actually produce much more than is necessary for guaranteeing full well-being to all.
It is only the distribution which is defective; and if a social revolution took place, nothing more would be required than for everyone to return to his factory or workshop, Society taking possession for itself of the ‘surplus value’ or…
People flocked at night into Trafalgar Square to sleep there in the open air, under the wind and rain, between two newspapers; and one day in February a crowd, after having listened to the speeches of Burns, Hyndman, and Champion, rushed…
Other voices in this conversation
