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Proudhon, P.-J. (Pierre-Joseph), 1809-1865

"The Philosophy of Misery"

Troplong material for two
volumes. We will reserve this subject for the time when, the
theory of economic contradictions being finished, we shall have
found in their general equation the programme of association,
which we shall then publish in contrast with the practice and
conceptions of our predecessors.
A word only as to silent partnership.
One might think at first blush that this form of joint-stock
company, by its expansive power and by the facility for change
which it offers, could be generalized in such a way as to take in
an entire nation in all its commercial and industrial relations.
But the most superficial examination of the constitution of this
society demonstrates very quickly that the sort of enlargement of
which it is susceptible, in the matter of the number of
stockholders, has nothing in common with the extension of the
social bond.
In the first place, like all other commercial societies, it is
necessarily limited to a single branch of exploitation: in this
respect it is exclusive of all industries foreign to that
peculiarly its own.


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