Note 9 — Section Eight

Thus the money levied upon the death of some not very wealthy squire and represented by, say, locomotives in the Argentine, turns into two miles of palings for the pleasant back gardens of a thousand new officials under the Inebriates Bill, or is simply handed over to the shareholders of the Prudential under the Insurance Act. In the first case the locomotives have been given back to the Argentine, and after a long series of exchanges have been bartered against a great number of wood-palings from the Baltic not exactly reproductive wealth. In the second case the locomotives which used to be the squire’s hands become, or their equivalent becomes, means of production in the hands of the Sassoons. ↩