"We have among us a class of mammon worshippers, whose one test of conservatism, or radicalism, is the attitude one takes with respect to accumulated wealth. Whatever tends to preserve the wealth of the wealthy is called conservatism, and whatever favors anything else, no matter what, they call socialism."
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Academics from the United StatesNon-fiction authors from the United StatesHistorians from the United StatesPolitical activistsEconomists from the United States
Original Language: English
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As quoted in: Charles Austin Beard and Mary Ritter Beard, basic history of the United States, Doubleday, Doran & company, 1944, p. 395.
https://en.wikiquote.org/wiki/Richard_T._Ely
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Richard T. Ely
Richard Theodore Ely (13 April 1854 – 4 October 1943) was an American economist, author, and leader of the Progressive movement who called for more government intervention in order to reform what they perceived as the injustices of capitalism, especially regarding factory conditions, compulsory education, child labor, and labor unions.
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