Tuesday, October 18, 2011

In contrast to this common perception of capitalism, Chesterton defines it as, "that economic condition in which there is a class of capitalists, roughly recognizable and relatively small, in whose possession so much of the capital is concentrated as to necessitate a very large majority of the citizens serving those capitalists for a wage."

"The present problem of capitalist concentration is not a question of law but of criminal law, not to mention criminal lunacy."

"Now what is the matter with the financial world is that it is a great deal too full of imagination, in the sense of fiction."

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