The economy is governed spiritually and intellectually by technical and organizational ideas and institutions. New techniques, new organizations, new combinations, are expressions of the spirit. They originate in the mind of a single individual, never in a multitude of individuals, never collectively. Even if an industrial enterprise is subject to the decisions of a collective consortium, in each consortium new thoughts and ideas always come from individual members. Yet, all depends on whether such individuals prevail over the collective or not, that is, whether understanding and reason triumph over natural indolence. Here, it is not a question of a mere expression of ideas, but of putting these ideas into practice. This is difficult in any kind of group because the habitual interests and ordinary ideas of the majority must dominate. It was with justice therefore that philosophers and poets have said ‘Reason has always been the preserve of the few, the majority prefers nonsense’. The consortium is ruled by mediocrity. Every consortium deliberates slowly and clumsily. For this reason the masses in times of emergency have often, perhaps too often, granted an individual absolute powers.
It is an immutable, universal law that MATERIAL DEPENDENCE CREATES SPIRITUAL BONDAGE. He who works only to mindlessly obey mere orders has no pleasure in his work, and loses his creative powers, his initiative, and his faculties.
It is not merely economic power which can be bought with monetary riches. Much more significant, and often also more fatal, is the influence of money on a man’s spirit and character. Here I leave aside all cases of direct bribery and corruption, and will speak only of everyday occurrences. In all democracies members of parliament are elected by the public. Freedom of speech and opinion is one of the fundamentals of political life. Public expressions of opinion have the aim—and cannot have any other—of gaining adherents for one’s opinions, and thereby achieving a party majority. As long as political bodies were small (in the distant past), this was a simple task; with today’s masses it is difficult. Nowadays one can reach the voter only by means of the mass communication media. The necessary propaganda is spread by meetings, the press, radio, television, and political pamphlets, not to mention that most-effective internet. For all of which vast sums of money are required.
He who can dispense the largest sum of money has the best chance of gaining supporters. Since dominance over public opinion offers countless opportunities for influence in and profit from political life, the modem political institutions, state, municipality, and public authorities are subject to a process of opinion-fabrication, which often serves special interests and not the common good. And all this because MONEY TALKS.