... The socialist movement was given a certain amount of attention when I was an undergraduate. The discussion turned principally on two points: were rent, interest and dividends earned? Was collective ownership of capital a feasible scheme? And when the professor, who was a good dialectician, had proved that interest was a payment for service ("saving") and that public ownership was not practicable, it was assumed that socialism was disposed of. The passions, the needs, the hopes that generate ... — A Preface to Politics • Walter Lippmann