1. What is the author arguing?
In the writing Wealth Against Commonwealth, we see that the author Henry Demarest Lloyd is explaining his perspective on how wealth is changing the mindsets of people and businesses in his time period. Many businesses were changing the way that they were running things, and were adopting new ideas into their industrialized points of view, a more monopolized view and system. He made some very bold points to say that in essence, everyone is poor in relation to “nature”, but there are few that rise higher than all, to obtain this wealth that is much different than “common wealth”. He also goes on to explain how detrimental the corporate “beasts” can become, especially since their main objective is to create money, regardless of how they do so.
2. How does the author appeal to logos (logic), pathos (emotional quality), and ethos (the writer’s perceived character) with their argument?
Lloyd appeals to logos as he uses real life situations in analogies and examples to show how these businesses are appealing to the rest of the world. He gives the example of how people bought and sold sugar and used it in times to “enhance the price to enrich themselves at the public’s expense, and depress the price when necessary to crush out and impoverish a foolhardy rival.” People were starting to use business as a way to control their surroundings, in the sense, and use it to their own benefit-whether rightfully or not. There was now starting to be a distinct difference between wealthy and poor, not so much a middle class. He uses pathos a lot in this article as his word choices are very debasing against these corporations. In one analogy, he says that “Liberty produces wealth and wealth destroys liberty…Our bignesses- cities, factories, monopolies, fortunes which are our empires are the obesities of an age gluttonous beyond it’s power’s of digestion.” He is very forward about how he believes these corporations are going to eventually be much more harmful than good, causing people to want more and more, to only become greedier and more selfish. Throughout the entire text you can see his character. It is prevalent that the man was infuriated about the corporate situation and he was standing firm against the new “laws” and regulations set up by them. Also, being as tenacious as he is, he continues to point out how the pining desire for wealth and power not only was corrupting these businesses, but the people who ran them as well. He also had a sense of conscious toward the poor and devalued those who did not. He seemed to be a man strict to his morals and old values, someone who would tell you what he really was thinking.
3. What is the historical significance/relevance of this document?
I think this document is very significant as it completely relates to the time we are in now. When Henry Lloyd first wrote this, it was only the beginning of the corporate enterprise. Industrialization started to take over, and it was prevalent that some people were using this to their own advantage to gain wealth. Lloyd I think saw what the worst outcome could be- corruption, loss of integrity within business, the desire for more money and greed that surpassed it all. The underlying notion that the middle class was phasing out is also relevant because of how the same thing is happening in our economy. The middle class is being pushed out, and there is a bigger distinction between very rich and very poor. I can say that I see some of the same similarities in our day because the American Dream is formed around this idea of success and money. The more that you have of those two things, the closer you are to the “true American Dream”. Even Lloyd, in his time addressed this in the view that materialism was more significant than ever before.
4. Do you find the author’s argument convincing? Why or why not.
At first, I did not understand where the author was going with his argument. It was hard for me to follow with how he used some of the analogies from one to the next. The beginning, I think was lacking in drawing in the reader. As I went on, it was about half way through that I could understand what he was talking about. Because the reading was a little difficult to understand and there was a lot of emotional usage, I don’t find his argument that convincing. Although I agree with him, I think that he could have used a bit more logic to support his ideas to make them even more concrete so it would not appear as only his opinions.