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?©d?©ric, 1801-1850

"Essays on Political Economy"


These two promises are for ever clashing with each other; it cannot be
otherwise. To live upon credit, which is the same as exhausting the
future, is certainly a present means of reconciling them: an attempt is
made to do a little good now, at the expense of a great deal of harm in
future. But such proceedings call forth the spectre of bankruptcy, which
puts an end to credit. What is to be done then? Why, then, the new
Government takes a bold step; it unites all its forces in order to
maintain itself; it smothers opinion, has recourse to arbitrary
measures, ridicules its former maxims, declares that it is impossible to
conduct the administration except at the risk of being unpopular; in
short, it proclaims itself _governmental_. And it is here that other
candidates for popularity are waiting for it. They exhibit the same
illusion, pass by the same way, obtain the same success, and are soon
swallowed up in the same gulf.
We had arrived at this point in February.[5] At this time, the illusion
which is the subject of this article had made more way than at any
former period in the ideas of the people, in connexion with Socialist
doctrines. They expected, more firmly than ever, that _Government_,
under a republican form, would open in grand style the source of
benefits and close that of taxation. "We have often been deceived,"
said the people; "but we will see to it ourselves this time, and take
care not to be deceived again?"
What could the Provisional Government do? Alas! just that which always
is done in similar circumstances--make promises, and gain time.


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