ABSTRACT
The economist tells us that capital is wealth which is being used in producing more wealth; wealth used productively. To illustrate the point from another side, it is very difficult to differentiate between income and capital. The great function of capital is to ease the burden of life. Our very civilisation and progress are bound up with the capital. Without it the other factors would do very little, for their efforts would be sterile without the assistance rendered by capital. Some people seem to look upon capital not as a blessing but a curse. They tell us that saving is a mischievous thing. They possibly know the effect of money on certain minds, and they confuse money with capital, and hence condemn capital. Capital is an instrument and not an agent in production. Our Socialist friends make great fun of one of these, the cabbage patch illustration.
