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September 21, 2007
Capitalist anarchists? c. 1907
From the Sept. 21, 1907 NYT: PITTSBURG - Intense excitement was caused here this afternoon when an Anarchistic notice was found posted on the high board fence which surrounds the old cathedral property, for which H. C. Frick paid $1,300,000...EH.net suggests that nominal GDP per capita was about $390 per year, or approximately $2 per day. Now, if the redressing of wrongs provides a "good," the "right man" should be willing to pay for the privelege. Having to pay five times the average day's wage (and 8 times what Rockefeller paid his summer help), suggests that the recruitment of anarchists, and especially those who would be willing to commit murder and arson, was not easy. The police at first think the posting is a joke but then: they noticed several suspicious persons at the corner of Fifth Avenue and Wood Street, [and] they arrested them. Posted by Craig Depken at 03:59 PM in Politics
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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