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Croly, Herbert David, 1869-1930

"The Promise of American Life"

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.


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