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Essays on Political Economy by Frédéric Bastiat
page 7 of 212 (03%)
capital should produce interest?

2nd. Is it consistent with the nature of things, and with justice, that
the interest of capital should be perpetual?

The working men of Paris will certainly acknowledge that a more
important subject could not be discussed.

Since the world began, it has been allowed, at least in part, that
capital ought to produce interest. But latterly it has been affirmed,
that herein lies the very social error which is the cause of pauperism
and inequality. It is, therefore, very essential to know now on what
ground we stand.

For if levying interest from capital is a sin, the workers have a right
to revolt against social order, as it exists. It is in vain to tell them
that they ought to have recourse to legal and pacific means: it would be
a hypocritical recommendation. When on the one side there is a strong
man, poor, and a victim of robbery--on the other, a weak man, but rich,
and a robber--it is singular enough that we should say to the former,
with a hope of persuading him, "Wait till your oppressor voluntarily
renounces oppression, or till it shall cease of itself." This cannot be;
and those who tell us that capital is by nature unproductive, ought to
know that they are provoking a terrible and immediate struggle.

If, on the contrary, the interest of capital is natural, lawful,
consistent with the general good, as favourable to the borrower as to
the lender, the economists who deny it, the tribunes who traffic in this
pretended social wound, are leading the workmen into a senseless and
unjust struggle, which can have no other issue than the misfortune of
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