One of the commonest things to do with savings is to lend them to some Government. In view of the fact that the bulk of the public expenditure of most civilized Governments consists in payment for past wars or preparation for future wars, the man who lends his money to a Government is in the same position as the bad men in Shakespeare who hire murderers. The net result of the man's economical habits is to increase the armed forces of the State to which he lends his savings. Obviously it would be better if he spent the money, even if he spent it in drink or gambling.
Certain characteristics of the subject are clear. To begin with, we do not in this subject deal with particular things or particular properties: we deal formally with what can be said about any thing or any property. We are prepared to say that one and one are two, but not that Socrates and Plato are two.
No other organization rouses anything like the loyalty aroused by the national State. And the chief activity of the State is preparation for large-scale homicide.
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