Various, Transactions and Proceedings of the New Zealand Institute (1877)
“ If a capitalist spends his wealth in employing retainers of any kind, he does no more good to the working classes than if he spent it by exchanging it for velvet or diamonds. His own demand for commodities is the only cause that his own stock of wealth is employed in feeding and clothing labourers while they are engaged in producing new wealth. If he does not himself produce the very commodities he wants, it is merely because it is more convenient to himself to produce others and to obtain those he wants by trade, but it is practically his wealth that is employed in their production. ”
