The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.
Hilaire BellocFor no one, in our long decline,So dusty, spiteful and divided,Had quite such pleasant friends as mine,Or loved them half as much as I did. [stanza 3]The library was most inviting:The books upon the crowded shelvesWere mainly of our private writing:We kept a school and taught ourselves. [stanza 15]From quiet homes and first beginning,Out to the undiscovered ends,Theres nothing worth the wear of winning,But laughter and the love of friends. [stanza 22]You do retain the song we set,And how it rises, trips and scans?You keep the sacred memory yet,Republicans? Republicans?[stanza 36]
Hilaire BellocIf any man gives you a wine you can't bear, don't say it is beastly... But don't say you like it. You are endangering your soul and the use of wine as well... Seek out some other wine good to your taste.
Hilaire BellocThe term "Socialism" becomes a common label for the various theories of attack upon the principle of property, the various policies of communal control at the expense of the family and individual freedom.
Hilaire BellocCapitalism had arisen through the misuse and exaggeration of certain rights, notably the right of property - the basis of economic freedom - and the right of contract, which is one of the main functions of economic freedom. Therefore, even under Capitalism, so long as the old principles were remembered it was possible to recall the principles whereby Society had once been sane and well ordered.
Hilaire Belloc