Nor will capitalist collectivism at this stage proceed even this fast.

Not only do the small taxpayers oppose the government going into debt, but as taxpayers they are responsible for all deficiencies, and they want only such governmental enterprises as both produce a surplus and a sufficient one to pay the deficits of the nonproductive departments of government.

To-day only about one fifth of the taxpayers pay either land or inheritance taxes.
But the increasing military expenditures and the greater difficulty of securing large sums by indirect taxation will increase this proportion.
It is likely, then, that State enterprises which, under private capitalism, were used recklessly as aids to land speculation will now be required, as in Germany and other continental countries, to produce a surplus to relieve taxpayers.

Private capitalism used the State for promoting the private interests of its directors, State capitalism uses it to produce profits for its shareholders, the small farmers, as taxpayers, or in the form of profits distributed among them as consumers.

Only as the government begins to take a considerable share of that increased value in land which nearly every public undertaking brings about, will _all_ wisely managed government enterprises produce such profits.
The advance of "State Socialism," though it has several other aspects, can be roughly measured by the number of government enterprises and employees.