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Updated: May 1, 2025
The United States had developed a plutocracy a property holding class, that is, to all intents and purposes, the imperialist class controlling and directing public policy. This plutocratic class is exploiting continental United States and its dependencies.
What his qualities showed him were two things: the alliance of the plutocratic slave power with the plutocratic money power, and the essential rightness in impulse of the bulk of the Southern people. Hence his conclusion which became his party's conclusion: that, in the South, a political-financial ring was dominating a leaderless people, This was not the truth.
Of course, if neither steam nor the inventions which made the factory system possible had ever been introduced, it would have been merely a question of a longer time before the capitalist class, proceeding in this case by landlordism and usury, would have reduced the masses to vassalage, and overthrown democracy even as in the ancient republics, but the great inventions amazingly accelerated the plutocratic conquest.
But in this study of the plutocratic mind, always so fascinating to me, I am getting altogether away from what I meant to tell you. I meant to tell you not how Americans live in the spirit, illogically, blindly, and blunderingly, but how they live in the body, and more especially how they house themselves in this city of New York.
He speaks of the roads of that plutocratic age as being 'fenced with barbed wire against unpropertied people, of the high-walled gardens and trespass warnings that kept him to the dusty narrowness of the public ways.
The aristocracy had already in the main adopted the 'jumping-Jesus' principle; though here and there one like Crum who was an 'honourable' stood starkly languid for that gambler's Nirvana which had been the summum bonum of the old 'dandies' and of 'the mashers' in the eighties. And round Crum were still gathered a forlorn hope of blue-bloods with a plutocratic following.
The "plutocratic class" consists of that group of persons who control community affairs because they own property. This class, because of its property ownership, is compelled to devote time and infinite pains to the task of safeguarding the sacred rights of property.
These are facts which redound greatly to her honor; and the historian will record with surprise that an enfranchised nation tolerated burdens which in this country a selected class, possessed of the representation, did not dare to face, and that the most unmitigated democracy known to the annals of the world resolutely reduced at its own cost prospective liabilities of the State, which the aristocratic, and plutocratic, and monarchical government of the United Kingdom has been contented ignobly to hand over to posterity.
The far-seeing among the business men realized that the plutocratic structure the world over was in peril, and that the fate of the whole imperial régime was involved in the European struggle. The Russian Revolution of March 1917 was the last straw. The thoughtful student of the situation in the United States is not deceived by personalities and names.
The art of the iconoclasts tells us the story of their days; it is descriptive, official, eclectic, historical, plutocratic, palatial, and vulgar. Fortunately, its triumph was partial and ephemeral. For art was still too vigorous to be strangled by a pack of cultivated mandarins. In the end the mystics triumphed.
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