[An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation by Thorstein Veblen]@TWC D-Link book
An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation

CHAPTER VI
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Investment--often spoken of euphemistically as "savings"-- is consequently a meritorious act, conceived to be very serviceable to the community at large, and properly to be furthered by all available means.

Invested wealth is so much added to the aggregate means at the community's disposal, it is believed.

Of course, in point of fact, income from investment in the hands of these gentlefolk is a means of tracelessly consuming that much of the community's yearly product; but to the kept classes, who see the matter from the point of view of the recipient, the matter does not present itself in that light.

To them it is the breath of life.

Like other honorable men they are faithful to their bread; and by authentic tradition the common man, in whose disciplined preconceptions the kept classes are his indispensable betters, is also imbued with the uncritical faith that the invested wealth which enables these betters tracelessly to consume a due share of the yearly product is an addition to the aggregate means in hand.
The advancement of commercial and other business enterprise beyond the national frontiers is consequently one of the duties not to be neglected, and with which no trifling can be tolerated.


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