The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.
Hilaire BellocWherever the Catholic sun doth shine, Thereโs always laughter and good red wine. At least Iโve always found it so. Benedicamus Domino!
Hilaire BellocThe larger the unit of capital present, the easier the transaction called emission of credit. Centralized lending of this kind (which is today universal) actively promotes the absorption of the small man by the great, the reduction of small property owners to a proletarian condition.
Hilaire BellocMatilda told such dreadful lies, It made one gasp and stretch one's eyes Her aunt, who, from her earliest youth, Had kept a strict regard for truth, Attempted to believe Matilda The effort very nearly killed her.
Hilaire BellocWhen 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.
Hilaire BellocHad there been any existent vital and energetic institution left in Society after the Reformation for the use of small property in coordinated form-that is, in combination, so that the average man's holding could be put to useful purpose in company with the holdings of a great number of other men of his own sort, the new evils would not have arisen.
Hilaire Belloc