But though Usury is in itself immoral, and justly…
“But though Usury is in itself immoral, and justly condemned by every ethical code, its chief and worst defect in the particular case we are now examining, the growth of Capitalism and its increasing proletariat, is the centralization of irresponsible control over the lives of men: the putting power over the proletariat into the hands of a few who can direct the loans of currency and credit without which that proletariat could not be fed and clothed and maintained in work.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The concentration of financial power lets a few control essential resources, making workers dependent on lenders.
In simple terms: A few control money, forcing workers to rely on them.
Key Takeaway
Beware of financial centralization.
Themes
economics
power
inequality
Mood
critical
concerned
Type
political
economic
When to use this quote
- workers seeking loans
- policy debates
- economic reform
- financial literacy
Key Concepts
usury
capitalism
financial control
Questions to Reflect On
- Who holds the power over credit?
- How can societies balance lending and fairness?
A Different Perspective
Concentration can spur innovation and investment.