1. Reverting to a former section (c. v., s. v., nn. 1-5, p. 255) we lay down this distinction: Goods held for their _use value_ are _consumer's wealth_: goods held for their _market value_ are _producer's wealth_, otherwise called _capital_. Capital then is that wealth which a man holds for the purpose of gaining further wealth by means of commercial exchange. It is represented by the razors that are made, not to mow the manly beard, or youthful moustache, of the maker, but, as the Yorkshire vendor put it, "to sell." 2. Those economists who would allow no private ownership of capital, but would have all capital to be State property, are called Socialists. They stand distinctly apart from the Communists, whom we have been labouring to refute in the last section. The Communist forbids all private property: the Socialist allows private property, but in the shape of _consumer's wealth_ alone. The Communist ignores the necessity of labour: the Socialist schemes to make all men work. The Communist contemplates a hand-to-mouth dispensation of all things: the Socialist locks all things up, wages in private coffers, capital in government stores. The Communist is a madman: the speculations of the Socialist are sometimes deep. 3. To what are we to attribute the rise of Socialism, and its growth and propagation so fast and vigorous, that, its supporters say with some colour of evidence, it is a theory destined within a measurable space of time to pass into actual practice, whether men will or no? The cause is not far to seek. There has lighted a plague upon all civilized countries, an outbreak fearful and severe: only by the great blessing of Providence, joined to drastic remedial measures on our part, can we cope with the evil. The plague is a cancerous formation of luxury growing out of a root of pauperism. It is a disease old as the world, but the increase of commerce and intercommunication has occasioned its bursting upon our generation in a peculiarly virulent form. And what is more, ours being a talking age, the disease is made the staple of speeches infinite, and the masses are clamouring for a remedy. The remedy proposed is Socialism.