Book-bot.com - read famous books online for free

A Critical Examination of Socialism by William Hurrell Mallock
page 19 of 271 (07%)
typical of interest generally.

Industrial interest as a product of the forces of organic
nature. Henry George's defence of interest as having this
origin.

His argument true, but imperfect. His superficial criticism of
Bastiat.

Nature works through machine-capital just as truly as it does in
agriculture.

Machines are natural forces captured by men of genius, and set
to work for the benefit of human beings.

Interest on machine-capital is part of an extra product which
nature is made to yield by those men who are exceptionally
capable of controlling her.

By capturing natural forces, one man of genius may add more to
the wealth of the world in a year than an ordinary man could add
to it in a hundred lifetimes.

The claim of any such man on the products of his genius is
limited by a variety of circumstances; but, as a mere matter of
abstract justice, the whole of it belongs to him.

Abstract justice, however, in a case like this, gives us no
practical guidance, until we interpret it in connection with
concrete facts, and translate the just into terms of the
DigitalOcean Referral Badge