Spencer Heath Archive

Item 775

Random taping by Spencer MacCallum from conversation with Heath

March 1956

The age-old desire to build for the ages enduring works of architecture and art is realized, albeit unwittingly, in every successful investment of capital, that is, every created property the administration of which yields a revenue that maintains it and provides for its perpetual replacement. Capital that is taken out of the market (de-social-ized) and employed politically in public works yields no revenue and thus perishes. Political public works shrink mankind. Proprietary public works are self-developing and self-evolving.