Chapter 61

1968 Words

"Very well. We will now consider the other factor on which the size of the gap between the producing and consuming power of the community created by the profit system was dependent--namely, the rate of profits charged. Tell us, then, what was the rule followed by the capitalists in charging profits. No doubt, as rational men who realized the effect of high profits to prevent consumption, they made a point of making their profits as low as possible." "On the contrary, the capitalists made their profits as high as possible. Their maxim was, 'Tax the traffic all it will bear.'" "Do you mean that instead of trying to minimize the effect of profit charging to diminish consumption, they deliberately sought to magnify it to the greatest possible degree?" "I mean that precisely," replied Margar

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