Capital is the characteristic marker of progress. It is the necessary and unique conduit for it. Its special mission is to help value transitioning from being expensive to being free.
I myself used to say that men would ruin themselves if they were left to barter freely!
As economic facts act and react on one another, in turn becoming cause and effect, it must be agreed that they present an undeniable complication.
You must see that if you open up communications with all these regions, we will have to endure a deluge of wine, wheat, meat, and wool.
I can see that, in a little while, we will be short of everything, because we will no longer have any need to make anything.
I am fully aware that I will be blamed (for this is the current fashion) for resting fraternity between nations on self-interest, vile and prosaic interest.
It is better to purchase from others what it would cost more to produce ourselves.
With a given amount of capital and labor, a quantity of output is created that decreases in proportion to the number of obstacles it encounters.