[Socialism As It Is by William English Walling]@TWC D-Link bookSocialism As It Is CHAPTER II 11/25
It is admitted that the direct control of the "Interests" extends only over "mechanical industry"-- not over agriculture.
We have seen that it does not extend over the mine of wealth that lies in city lands, nor over large masses of capital more and more adequately protected by the government.
It might be said that by their strategic position in industry the large capitalists control indirectly both agriculture, city growth, savings banks and government. This would be true were it not for the fact that as soon as we turn from the economic to the political field we find that not only in this country, but also in Europe nearly all the strategical positions are held by the small capitalists.
They outnumber the large capitalists and their retainers ten to one, and they hold _the political balance of power_ between these and the propertyless classes.
The control of industry and the control of government being in the long run one and the same, the only course left to the large capitalists is to compromise with the small, and the common organization of centralized and decentralized capital with the aid and protection of government is assured. The fact that, for the masses of mankind, capitalism is the enemy, and not "Big Business," is then obscured by the warfare of the small capitalists against the large.
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