This book was converted from its physical edition to the digital format by a community of volunteers. You may find it for free on the web. Purchase of the Kindle edition includes wireless delivery.
🖍️ Dry, dry, dry with dried up ideas that are outdated. Interesting to read this pamphlet from a day long past its freshness date for its disdain of capitalism.
📙Published in 1937.
*•̩̩͙ *How I happened upon this book: Through research for one of my writing projects.
The best way to describe this book to the modern reader would be through a famous quote by Karl Marx: "Hegel remarks somewhere that all great, world-historical facts and personages occur, as it were, twice. He has forgotten to add: the first time as tragedy, the second as farce."
Specifically, one can simply look at this passage from this pamphlet: "In 1886 American capitalism was young, strong and growing. It had before it a long period of unparalleled expansion, during which the workers became afflicted with many illusions about the possibilities of prosperity under capitalism. Now, however, American capitalism, like the world capitalist system of which it is a part, has exhausted its constructive role of building the industries. It is now obsolete and gradually sinking into decay. Industrial crises follow each other with increasing severity and the masses are becoming more and more pauperized. The growth of fascism and war is the attempt of this outworn capitalist system to keep in existence although history has imperatively summoned it to leave the stage and to make way for the next order, socialism."
American Capitalism is in decay, and bringing down a large part of the world with it, and fascism is on the rise in the old developed world. But unlike then, global capitalism is stronger than ever. There is no active labour movement to counter-act all these ill-effects, the left is fractured beyond any reason. Let us just hope that farce lasts less than tragedy.