“We have among us a class of mammon worshippers, whose one test of conservatism, or radicalism, is the attitude one takes with respect to accumulated wealth. Whatever tends to preserve the wealth of the wealthy is called conservatism, and whatever favors anything else, no matter what, they call socialism.”

— Richard T. Ely

Richard T. Ely, Socialism : an examination of its nature, its strength and its weakness, with suggestions for social reform http://archive.org/details/socialismanexam02goog (1894)
As quoted in: Charles Austin Beard and Mary Ritter Beard, basic history of the United States http://books.google.gr/books?id=vaQsAAAAMAAJ&q=A, Doubleday, Doran & company, 1944, p. 395.

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Richard T. Ely 2

United States economist and author 1854–1943

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