CHAPTER XII. The Waste of Capital

THE WASTE OF CAPITAL

The national accumulations small in relation to the national income 159 More evidences of poverty than of wealth 159 The moral of oversea investments 160 Six thousand millions of capital wasted in forty years 163 The demand for luxuries misdirects capital 164 The waste of capital in the game of competition 166 The waste of capital in weak and bogus company promotion 166