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Wealth against commonwealth

By Henry Demarest Lloyd

(3.5 stars) • 10 reviews

Discover how a few powerful individuals seized control of America's wealth, jeopardizing the freedom and well-being of everyday citizens.

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Released
2019-10-12
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Summary

"Wealth Against Commonwealth" by Henry Demarest Lloyd is a serious look at the problems caused by huge monopolies and trusts in the late 1800s. It shows how these powerful groups took over industries and markets, making life hard for most people. The book examines the connection between having lots of money and being truly free, arguing that when a few people control most of the wealth, it takes away freedom from everyone else. The book starts by highlighting the big differences between the rich and the poor in America, pointing out how many people struggled even though the country was producing so much. Lloyd says that greedy monopolies were to blame for keeping people from getting what they deserved. He brings up important topics like the unfairness of production compared to consumption, criticizes how people thought about the economy back then, and emphasizes how corporations were gaining so much power over individuals. All of this sets the stage for his larger argument against capitalism and his demand that those with economic power should be held responsible.

About the Author

Henry Demarest Lloyd was an American journalist and political activist who was a prominent muckraker during the Progressive Era. He is best known for his exposés of Standard Oil which were written before Ida Tarbell's series for McClure's on the same topic.

Average Rating
4.0
Aggregate review score sourced from Goodreads
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Total Reviews
10.0k
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