[The Promise Of American Life by Herbert David Croly]@TWC D-Link book
The Promise Of American Life

CHAPTER VII
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It does imply that economic leaders, no less than political ones, should have conditions imposed upon them which will force them to recognize the responsibilities attached to so much power.
Mutual association and confidence between the leaders and followers is as much a part of democratic economic organization as it is of democratic political organization; and in the long run the inheritance of vast fortunes destroys any such relation.

They breed class envy on one side, and class contempt on the other; and the community is either divided irremediably by differences of interest and outlook, or united, if at all, by snobbish servility.
If the integrity of a democracy is injured by the perpetuation of unearned economic distinctions, it is also injured by extreme poverty, whether deserved or not.

A democracy which attempted to equalize wealth would incur the same disastrous fate as a democracy which attempted to equalize political power; but a democracy can no more be indifferent to the distribution of wealth than it can to the distribution of the suffrage.

In a wholesome democracy every male adult should participate in the ultimate political responsibility, partly because of the political danger of refusing participation to the people, and partly because of the advantages to be derived from the political union of the whole people.

So a wholesome democracy should seek to guarantee to every male adult a certain minimum of economic power and responsibility.


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