Nor is it true that the maintenance of labour is drawn from capital, and that therefore population regulates itself by the funds which are to employ it, for that would involve the idea that labour cannot be exerted until the products of labour are saved, thus putting the product before the producer, which is absurd. Capital, therefore, does not limit industry, the only limit to industry being the access to natural material. Capital may limit the form of industry, and the productiveness of industry, by limiting the use of tools and the division of labour. The functions of capital are to assist labour in production with tools, seeds, etc., and with the wealth required to carry on exchanges. All remedies, whether proposed by professors of political economy or working men, which look to the alleviation of poverty either by the increase of capital, or the restriction of the number of labourers, or the efficiency of their work, must be condemned. The argument that wages are determined by the ratio between capital and labour finds its strongest support in the Malthusian doctrine, and on both is based the theory that past a certain point the application of capital and labour yields a diminishing return. The Malthusian doctrine is that the tendency to increase in the number of labourers must always tend to reduce wages to the minimum on which labourers can reproduce. When this theory is subjected to the test of straightforward analysis, it is utterly untenable. In the first place, the facts marshalled in support of it do not prove it, and the analogies drawn from the animal and vegetable world do not countenance it; and, in the second place, there are facts which conclusively disprove it. There are on every hand the most striking and conclusive evidences that the production and consumption of wealth have increased with even greater rapidity than the increase of population, and that if any class obtains less than its due share, it is solely because of the greater inequality of distribution. The denser the population, the more minute becomes the subdivision of labour, the greater economies of production and distribution, and hence, the very reverse of the Malthusian doctrine is true. _II.--The Law of Wages_ To discover the cause which, as population increases, and the productive arts advance, deepens the poverty of the lowest class, we must find the law which determines what part of the produce is distributed to labour as wages, what part to capital as interest, and what part to landowners as rent.