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Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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Why?<br />

Because loan-capital, compared to all<br />

industrial big capital, is so<br />

overpowering that <strong>the</strong> great moneypowers<br />

can only be fought effectively<br />

through <strong>the</strong> abolition <strong>of</strong> interest-slavery.<br />

20:1 is <strong>the</strong> proportion <strong>of</strong> loan-capital to<br />

industrial big capital. The German<br />

people must annually raise more than 12<br />

billion in interest <strong>for</strong> loan-capital in <strong>the</strong><br />

<strong>for</strong>m <strong>of</strong> direct and indirect taxes, rent,<br />

and <strong>the</strong> rising cost <strong>of</strong> living, while even<br />

in <strong>the</strong> boom-years <strong>of</strong> <strong>the</strong> war <strong>the</strong> sumtotal<br />

<strong>of</strong> all dividends distributed by <strong>the</strong><br />

German joint-stock companies amounted<br />

to only 1 billion.

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