ABSTRACT
Capitalism is on the straight road to ruin, because it has turned the routine of production against itself. Already capitalism, beginning to find no further opportunity of investment that offers security against loss in the crisis, can think of nothing better to do with its income than to turn it into gold. Prophesying is always a ticklish business, but if one believes oneself to have discovered the cause, one cannot escape the obligation of giving a prognosis. The routine idea of capitalism that capital brings in an income no longer effects an increase and extension of trade and industry, but effects a shrinkage. The creditor half of humanity is faced inexorably with the choice between two alternatives—whether it shall lose the capital which it has invested in public loans or the capital which it has invested in private productive enterprise.
