ABSTRACT
The hatred of intelligence on the part of the Socialists is well founded, for it is precisely this intelligence that will prove the eternal obstacle on which all their ideas of equality will shatter themselves. Practically the Socialists recognise but two sources of wealth—capital and labour, and all their demands are directed against the part, according to them too great, which is assumed by capital. But besides capital and labour there is a third source of wealth—intelligence, which the Socialists usually consider to be of but little value. The laws of economics are acting in the direction desired by the Socialists, but by very different means to those in favour with the Socialists, since the effect produced is the consequence of the abundance of capital. Capital is thus tending more and more to diffuse itself into a large number of hands, and it is so diffusing itself because it is constantly increasing.
