"After World War I, the resentment of the working class against all that it had to suffer was directed more against Morgan, Wall Street and private capital than the government"
About this Quote
The intent is diagnostic, almost surgical. James is less interested in moralizing about resentment than in showing how class consciousness can be redirected into a safer channel. Attacking finance and “private capital” offers a cathartic villain while preserving faith in government as potential protector or neutral arbiter. That’s the subtext: anti-elite sentiment can coexist with loyalty to the institutions that enforce the economic order, because those institutions are skilled at presenting coercion as necessity and policy as inevitability.
Context matters. The postwar years brought inflation, unemployment, strikes, and the Red Scare; they also brought a narrative opportunity for liberal capitalism to blame “speculators” and “profiteers” rather than the state’s partnership with industry. James, a Marxist with a journalist’s eye for who benefits from a storyline, is warning that where anger lands is never politically innocent.
Quote Details
| Topic | Justice |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
James, C. L. R. (2026, February 19). After World War I, the resentment of the working class against all that it had to suffer was directed more against Morgan, Wall Street and private capital than the government. FixQuotes. https://fixquotes.com/quotes/after-world-war-i-the-resentment-of-the-working-42930/
Chicago Style
James, C. L. R. "After World War I, the resentment of the working class against all that it had to suffer was directed more against Morgan, Wall Street and private capital than the government." FixQuotes. February 19, 2026. https://fixquotes.com/quotes/after-world-war-i-the-resentment-of-the-working-42930/.
MLA Style (9th ed.)
"After World War I, the resentment of the working class against all that it had to suffer was directed more against Morgan, Wall Street and private capital than the government." FixQuotes, 19 Feb. 2026, https://fixquotes.com/quotes/after-world-war-i-the-resentment-of-the-working-42930/. Accessed 21 Feb. 2026.







