If we do not restore the Institution of Property we cannot escape restoring the Institution of Slavery; there is no third course.
Hilaire BellocIt seems to be saying perpetually; 'I am the end of the nineteenth century; I am glad they built me of iron; let me rust.' ... It is like a passing fool in a crowd of the University, a buffoon in the hall; for all the things in Paris has made, it alone has neither wits nor soul.
Hilaire BellocThe very large units of production and exchange have access to credit on a large scale, sometimes without any cover at all, merely upon the prospect of their success, and always upon terms far easier than are open to their smaller rivals. It is perhaps on this line of easier credit that large capital today does most harm to small capital, drives it out and ruins it.
Hilaire BellocIt has been discovered that with a dull urban population, all formed under a mechanical system of State education, a suggestion or command, however senseless and unreasoned, will be obeyed if it be sufficiently repeated.
Hilaire BellocWherever the Industrial system has reached its second generation it is threatened by two mortal perils. The first is the demand by an organized proletariat for sustenance without relation to the product of its labor; a demand which threatens the very existence of PROFIT (on the necessary presumption of which Capitalism reposes). The second, and immediately graver danger is that of a revolt for the confiscation of the means of production.
Hilaire Belloc