>Yeah but what does it mean to ‘rest on your laurels?’ by being a capital or land owner? I mean, it certainly sounds bad that the majority of us have to go to work whilst others get to sit back and receive ‘passive income’. According to EE, this requires no personal effort. We will break down the analysis of his claims into looking at returns to capital and land from a historical perspective, since EE is discussing history. It is also useful to look at the historical returns during the backdrop of the Industrial Revolution, as this was a time of great change, and people, both rich and poor, had to adapt to the new conditions.

He was literally just describing what the communists wanted, not what he believed.