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tactics, sometimes asserting that it is open to all, except the very poor, to save and so acquire a stake in capital, sometimes that the effective use of capital demands that its control be vested in the hands of the competent few, that the reward of saving in the shape of interest tends to be reduced towards zero, and that profit-making on a large scale is confined to speculative industries involving high risks. The validity of these arguments will be considered later. At present it is enough to cite them as belonging to the policy of avoidance practised by those who refuse to face the critical issues of capitalism as affecting distribution of property.
