can you honestly say that you understand the reason of this?
It would be a waste of time to seek any satisfactory explanation from the writings of economists. They have not thrown much light upon the reasons of the existence of interest. For this they are not to be blamed; for at the time they wrote, its lawfulness was not called in question. Now, however, times are altered; the case is different. Men, who consider themselves to be in advance of their age, have organised an active crusade against capital and interest; it is the productiveness of capital which they are attacking; not certain abuses in the administration of it, but the principle itself.
A journal has been established to serve as a vehicle for this crusade. It is conducted by M. Proudhon, and has, it is said, an immense circulation. The first number of this periodical contains the electoral manifesto of the people. Here we read, "The productiveness of capital, which is condemned by Christianity under the name of usury, is the true cause of misery, the true principle of destitution, the eternal obstacle to the establishment of the Republic."
Another journal, La Ruche Populaire, after having said some excellent things on labour, adds, "But, above all, labour ought to be free; that is, it ought to be organised in such a manner, that money-lenders and patrons, or masters, should not be paid for this liberty of labour, this right of labour, which is raised to so high a price by the traffickers of men."
