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Updated: June 2, 2025
In other words, the functions and capacities of any animal, the extent of its conformity to environment, may be regarded as its capital. The animal may use this capital productively or prospectively. It may spend its income, and more too; it may increase its capital.
Some people use the word capitalist in the same way, as a term of abuse, meaning really only 'rich person. If they stopped to think of the meaning of the word, they would remember that it means merely a person who uses what money he has productively, instead of hoarding it in a stocking. But 'capitalist' and 'Bolshevist' were both flung about freely during the strike, by the different sides.
The existence of the nobler arts, however, involves the harmonious life and vital faith of the three classes whom we have just distinguished; and that condition exists, more or less disturbed, indeed, by the vices inherent in each class, yet, on the whole, energetically and productively, during the twelfth, thirteenth, fourteenth, and fifteenth centuries.
Skill, therefore, must be considered as wealth; and the labour and funds employed in acquiring skill in anything tending to the advantage or pleasure of mankind, must be considered to be productively employed and expended.
But economy, and decent and humane treatment of prisoners in a jail, are incompatible, even were the men kept steadily and productively at work under proper conditions, and paid for what they produced.
There thus came into existence in the early Chou empire a new social group, later called "scholars", men who were not regarded as belonging to the lower class represented by the subjugated population but were not included in the nobility; men who were not productively employed but belonged to a sort of independent profession. They became of very great importance in later centuries.
The good will is the will to participate productively, permissively, and formally in the total undertaking of life. Only when this intention controls one's decisions can one act without fear of one's own critical reflection. Let me add a word concerning the part played by the imagination in enforcing the logic of morality.
When the labour and capital employed can be transferred productively to another industry, it is obviously better that the transfer should take place, and the failing industry lapse, than that the community should be charged with maintaining an industry which cannot support itself whether or no the competitors driving it out of the market are enabled to do so only by like extraneous assistance.
In other respects his costume was plain, and his hair evenly cut enough for customers, who were not close observers, to take him for a mere tailor's apprentice, perched behind the board, and carefully stitching cloth or velvet. Nevertheless, this man held up his head too often to be very productively employed with his fingers.
Scores of old establishments are being reborn productively. There is the case of a famous chocolate works that before the war rebuffed an instructor in factory reorganisation. Last year it saw the light, hired an American expert, and to-day the output has been increased by twenty-five per cent.
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