The Servile State by Hilaire Belloc — Read

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It can of its nature be but a transitory phase lying between an earlier and a later stable state of society -- The two internal strains which render it unstable -- (a) The conflict between its social realities and its moral and legal basis -- (b) The insecurity and insufficiency to which it condemns free citizens -- The few possessors can grant or withhold livelihood from the many non-possessors -- Capitalism is so unstable that it dares not proceed to its own logical conclusion, but tends to restrict competition among owners, and insecurity and insufficiency among non-owners.

From the historical digression which I have introduced by way of illustrating my subject in the last two sections I now return to the general discussion of my thesis and to the logical process by which it may be established.

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