Class Divide Quotes
He was driving through Tennessee and some white demonstrators were carrying racist signs insulting to Blacks. A companion asked what was the cause of Southern white racism.
Samuel Langhorne Clemens, 1835-1910. Ironically, during the McCarthy period and the Red Scare of the 1950s, some of the right wingers charged that Mark Twain’s writing was “Communist Propaganda”. Most of the accusers had never read most of Train’s work. At the time, the Communists had condemned the racial segregation that was then legal in America and most of the staunch Southern segregationists accused anyone who attacked segregation as a communist. Twain was one of the leading voices against American racism. As for communism, the accusers of Train had probably never read this particular quotation. Twain was an early severe critic of communism and used his favorite weapon—humor—to attack it.
In his economic view, managers, accountants, attorneys, owners, shareholders, landlords, were all supported by the workers who have to support themselves and all the others.
Abrams originated this famous phrase which many have been used subsequently for various “socialized” government benefits that were available to the rich but not the poor. He was referring to the fact that at the time, the government provided housing assistance to the rich by having federally insured mortgages and granting tax deductions for the interest in home mortgages, but there was no assistance to the poor who could only afford to rent and had no tax deductions nor was there any federal public housing assistance. During the Great Recession the phrase was often used when the government gave bail out money to General Motors and the largest banks who were close to bankruptcy, but the landscaping gardener or the hot dog vendor whose business was falling because of the recession were told that is the capitalist system—there are some winners and some losers. The government officials who advocated the bailout did not disagree about the fairness and appropriateness of the Abrams phrase but if they had not bailed the banks out, the entire economic system of the country would probably have collapsed and the ensuing depression would hurt the average worker and the poor even more. Related to the recent “too big to fail” concept.
By producing growth and an increasing standard of living and universal education, capitalism’s citizens have the time, education, and resources to protest and produce social unrest. However, that assumes that there is also a democratic state. For Schumpeter and many others, capitalism and democracy go hand in hand, but many point to historical examples of one developing faster than the other.