Author: J. T. Walton Newbold

Publisher: Forgotten Books

Published: 2017-12-12

Total Pages: 20

ISBN-13: 9780332679242

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Excerpt from The Coming Crash: An Economic Interpretation of Present Day History An Economic Interpretation of Present-day History. When history comes to record the diplomacy leading up to and attending the prosecution and conclusion of the great war, there will stand forth the figure of a man, at once magnificent and futile, heroic and tragic, an idealist executive chief of the greatest capitalist State the world has seen - President Woodrow Wilson. No dramatist of antiquity, no playwright of the Elizabethan Age ever conceived so terrible a plot, so awe-inspiring a setting, so complete a ruin as this in which Wilson is the chief actor. There is something about this American professor and his political career sublime in the extreme and yet so pitiful. He is a man beating against the fate of the world, a man striving to hold back the furies of revolution. Society goes hurtling to the universal catastrophe which the writer of "Capital" foretold. Capitalist civilisation is reaching its culmination impelled by the fearful momentum of its evermore frenzied career. The Catastrophe Delayed. Ten years ago it seemed to most of us that we should, without any serious disturbance, evolve from Capitalism to Socialism by legislative action of a most eminently constitutional character. A little while before, and certain theorists of continental Socialism had come to the reasoned conclusion that Marx had been mistaken in his forecast of capitalist concentration and centralisation. There was much in the circumstances of the time that pointed to this revisionist judgment. The theory of increasing misery sometimes misquoted in all sincerity as increasing poverty - appeared to be an error. "The eighties" had passed without the collapse of the system. The unrest and strife of that decade ended without attaining to the seriousness of a crisis. Imperialism opened up State-aided markets for a commercial system that hitherto had eschewed paternalism and governmental patronage. Capitalism entered into a new phase and the middle classes experienced a renewed prosperity, if not a new freedom. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book The Coming Crash: An Economic Interpretation of Present Day History (Classic Reprint) written by J. T. Walton Newbold and published by Forgotten Books. This book was released on 2017-12-12 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Coming Crash: An Economic Interpretation of Present Day History An Economic Interpretation of Present-day History. When history comes to record the diplomacy leading up to and attending the prosecution and conclusion of the great war, there will stand forth the figure of a man, at once magnificent and futile, heroic and tragic, an idealist executive chief of the greatest capitalist State the world has seen - President Woodrow Wilson. No dramatist of antiquity, no playwright of the Elizabethan Age ever conceived so terrible a plot, so awe-inspiring a setting, so complete a ruin as this in which Wilson is the chief actor. There is something about this American professor and his political career sublime in the extreme and yet so pitiful. He is a man beating against the fate of the world, a man striving to hold back the furies of revolution. Society goes hurtling to the universal catastrophe which the writer of "Capital" foretold. Capitalist civilisation is reaching its culmination impelled by the fearful momentum of its evermore frenzied career. The Catastrophe Delayed. Ten years ago it seemed to most of us that we should, without any serious disturbance, evolve from Capitalism to Socialism by legislative action of a most eminently constitutional character. A little while before, and certain theorists of continental Socialism had come to the reasoned conclusion that Marx had been mistaken in his forecast of capitalist concentration and centralisation. There was much in the circumstances of the time that pointed to this revisionist judgment. The theory of increasing misery sometimes misquoted in all sincerity as increasing poverty - appeared to be an error. "The eighties" had passed without the collapse of the system. The unrest and strife of that decade ended without attaining to the seriousness of a crisis. Imperialism opened up State-aided markets for a commercial system that hitherto had eschewed paternalism and governmental patronage. Capitalism entered into a new phase and the middle classes experienced a renewed prosperity, if not a new freedom. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.