Note 23 — Chapter XIV

Mr. G. Wilshire, in his detailed criticism of my American speeches, states twice over the modern socialistic doctrine as to this point. The maker or inheritor of capital, he says, could, under socialism, "buy all the automobiles he wanted, all the diamonds, all the champagne; or he could build a palace. In other words, he could spend his income in consumable goods, but he could not invest either in productive machinery or in land."