Quotation from: War of the ClassesWritten by: Jack London |
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For nearly one hundred years England has been producing surplus value. She has been producing far more than she consumes, and this excess has swelled the volume of her capital. This capital has been invested in her enterprises at home and abroad, and in her shipping. In 1898 the Stock Exchange estimated British capital invested abroad at 1,900,000,000 pounds. But hand in hand with her foreign investments have grown her adverse balances of trade. For the ten years ending with 1868, her average yearly adverse balance was 52,000,000 pounds; ending with 1878, 81,000,000 pounds; ending with 1888, 101,000,000 pounds; and ending with 1898, 133,000,000 pounds. In the single year of 1897 it reached the portentous sum of 157,000,000 pounds.
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