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Hilaire Belloc
An economic and political treatise published in 1912. It presents a history of capitalism while critiquing both capitalist and socialist systems. Belloc warns of an emerging totalitarian form he calls the "servile state"—where workers are legally compelled to labor for property owners. He argues capitalism is unstable and transitional, disrupting medieval social structures. Though socialism offers an alternative, Belloc believes its implementation will paradoxically accelerate