AMERICAN WEALTH.
'' Mr Sheraan, a well-known American statistician, states that in the Vnited States seventy people own together £540,000,000, and that half the national wealth is in the hands of 2500 persons."
Now can any one say that this is a proper state of affairs ? What good ] is all this wealth to these people ? It only makes life unhappy. Thay would be better with one-hundredth part of it. Still the people are not to blame; it is the system which encourages the accumulation of such immense fortunes in the hands o£ a few that ib wrong. This is what the science of political economy produces, but we must say it does not add to our respect for political economy. The population of the United States is now about 67,000,000, yet 2500 persons own half of its wealth. This cannot last long.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TEML18910324.2.9
Bibliographic details
Ngā taipitopito pukapuka
Temuka Leader, Issue 2179, 24 March 1891, Page 2
Word count
Tapeke kupu
141AMERICAN WEALTH. Temuka Leader, Issue 2179, 24 March 1891, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in