What, then, when every country in the world has an unconsumed surplus?
Where will your capitalist system be then ?" But Mr.Calvin shook a troubled head.

He was obviously questing back through Ernest's reasoning in search of an error.
"Let me briefly go over the ground with you again," Ernest said.

"We began with a particular industrial process, the shoe factory.

We found that the division of the joint product that took place there was similar to the division that took place in the sum total of all industrial processes.

We found that labor could buy back with its wages only so much of the product, and that capital did not consume all of the remainder of the product.