a home and the ownership of a branch of industry.
At the stage of economic development now under discussion the income of the craftsman or laborer depends somewhat on his industry and skill. But it can never go beyond a fixed limit. That of the tradesman, however, is determined only by the amount of his capital. The possibilities of labor are limited; those of capital are unlimited.
So we have here a condition that would naturally lead to social development. We started with a society in which each owned certain means of production; in which, therefore, the individuals were approximately equal. The natural limitations of the income from labor and the lack of similar limitations of the income from capital would naturally tend to bring about a condition of inequality. But there is still another element of the situation to be taken into account.
Private property in the means of production implies for everyone the possibility of coming into possession of them, but it implies also the possibility of losing possession. That is, the craftsman may fall into absolute poverty. The existence of interest-bearing capital implies the existence of want. One who has what he needs will not borrow. By exploiting want, capital constantly increases it.
Here we have, then, the beginnings of modern conditions. Some "make" money without producing; others produce and remain in poverty. It is true that the evils of the system are not yet quite clear. The capitalist is dependent
