Chapter III: Section IV

How the Distributive State Failed:--This failure original in England--The story of the decline from Distributive property to Capitalism--The economic revolution of the sixteenth century--The confiscation of monastic land--What might have happened had the State retained it--As a fact that land is captured by an oligarchy--England is Capitalist _before_ the advent of the industrial revolution--Therefore modern industry, proceeding from England, has grown in a Capitalist mould.