[3] “Enjoyment” does not mean, in this connection, pleasure, happiness. It is a conventional phrase to mean “consumption _not_ directed to the making of further wealth?” Thus the wealth consumed at a boring dinner party is consumed in “enjoyment.” [4] A _Strike_ is a modern English word (only used where the English language is spoken), and signifying the refusal of the Free labourers to sell their labour for the amount hitherto given. They cease work, thereby interrupting the profits of the Capitalist who furnishes them with food, clothing, etc., in the shape of wages. They do so in the hope of compelling him, by loss of profits during their idleness, to pay them more. A _Lock-out_ is a modern English word now used all over the world to signify an action of the Capitalist refusing to pay his workmen what they have hitherto received, and hoping to starve them into accepting lower wages by “locking them out” of his factory until they submit. Strikes are only possible when the labourers have accumulated some capital on which to live during the struggle. This they accumulate by contributions to the common fund of a “Trades Union” while still in employment. A Lock-out is only possible from the fact that such funds are small and soon exhausted. [5] In theory Parliament is stronger than the banks, but Parliament no longer counts as a real governing power. The banks are far more powerful than Parliament. [6] This very sensible tax was invented by Disraeli in England about a lifetime ago. [7] Silver and gold were used together, but gold alone will serve as a test. [8] A simple daily example of an amateur index number is the housewife’s idea of “cost of living.” She finds that, for the purchase of her home, a great deal of bread, a little butter, more cheese, so much for clothing, rent, etc., 40s. to-day go about as far as 20s. in 1913 before the war. In other words she is “taking 1913 as a base and establishing an index number of 200 for 1923.” Index Banking, how arose, 168–173; its machinery, 173–179. Banking system, its advantage in concentrating capital, 180; begins to invest money, 183–186; great modern power of, 186–188. Blanc, creator of modern socialism, 133; its definition, 134. Capital, Character of, 19–26. “Capitalism,” term for Capitalist Society, 105; “Paradox,” 120, 122. Capitalist State, 101, 104–5; advantages and disadvantage, 115–123. Categories, Purchasable, 209–210. Circulation, Efficiency in, 72–75. Clearing House, 179. Coal, Example of addition of values to, 27–28. Coal Mine, example of how rent arises as a surplus, 47–49. Communism, only logical and necessary form of Socialism, 135. Consumption of Capital inevitable, 23. Consumption of wealth is universal, 31–32. Currency, Debasement of, 79–83. Currency, Meaning of, 70. Denmark, example of distributive state, 108, 126. Diminishing Returns, Law of, 40–44.