The Suffolk Bank

A lucid account of the Suffolk Bank system which operated in Massachusetts between 1825 and 1858. Dr Trivioli shows that during this period a free enterprise central bank and clearing system operated with great success, bringing stability to a stuation where competing banks issued their own notes.

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Trojan Horse: Union power in British Politics

A tenet of British democracy for the past hundred years has been that its vulnerability to internal political strife and vicissitude would be even further reduced by acceptance and incorporation of trade uionism within the British politico-economic system. The platitude that "a free society requires free collective bargaining" - which translates into plan language as: "a free society requires that trade unions are above the law relating to all other individuals and corporations" - has been said any times, and unthinkingly, in Britain during this past hundred years. The wooden horse has been dragged inside the walls of the British politico-economic system. And what has happened? The record of the past ten years bears eloquent, if yet unfinished, testimony to the validity of the legend of the Trojan Horse. The city has certainly not yet fallen; but many now fear for its survival as a democracy. This essay seeks to analyze the causes and consequences of this situation in Britain.

 

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