George RamsayThinkers

Circulating capital (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠no real agent of production, Ramsay held — only a convenience made necessary by the deplorable poverty of the mass of the people.

The Rentier (n.) multiplies ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠as a nation grows rich — heirs living off their ancestors' labour and retirees off their own past — and since rentiers and lenders are one and the same, interest falls.