"It is a mistake to suppose commerce favorable to liberty. Its tendency is to a monied aristocracy, and this, in effect, has always been the policy of every community of merchants. Commerce is an enemy of despotic power in the hands of a prince, of church influence, and of hereditary aristocracies, from which facts it has obtained its reputation of sustaining freedom; but, as a class, merchants will always be opposed to the control of majorities."
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On Commerce
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The American Democrat
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