There remains a third part of it which we still have to consider.

Writing as he did, almost half a century ago, he said that the process of capitalistic appropriation had not--yet completed itself.

A remnant of producers on a restricted scale survived, still forming a middle class, which was neither rich nor poor.

But, he continued, in all capitalistic countries, a new movement, inevitable from the first, had set in, and its pace was daily accelerating.

Just as the earlier capitalists swallowed up most of the small producers, so were the great capitalists swallowing up the smaller, and the middle class which survived was disappearing day by day.