What Social Classes Owe to Each Other

Cover What Social Classes Owe to Each Other
What Social Classes Owe to Each Other
William Graham Sumner
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Among the metaphors which par- tially illustrate capital — all of which, however, are imperfect and inadequate — the snow-ball is useful to show some facts about capital. Its first accumulation is slow, but as it proceeds the accumulation becomes rapid in a high ^ra- tio, and the element of self-denial declines.
This fact, also, is favorable to the accumula^ tion of capital, for if the self-denial continued to be as great per unit when the accumulation had become great, there would speedily com
...e a point at which farther accumulation would not pay. The man who has capital has se- cured his future, won leisure which he can employ in winning secondary objects of ne- cessity and advantage, and emancipated him- self from those things in life which are gi'oss and belittling. The possession of capital,Js, therefore^ an i ndispensable prerequisite of ed- iicational, scientific, and moral goods. This is not saying that a man in the narrowest cir- cumstances may not be a good man. It is saying that the extension and elevation of all the moral, and metaphysical interests of the 78 WHAT SOCIAL CLABBB8 race are conditioned on that extension of civ- ilization of which capital is the prerequisite, and that he who has capital can participate in and move along with the highest develop- ments of his time.

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