Capitalization is the product of work and thrift, the accumulation of wealth and the wise use of accumulated wealth.
This accumulated wealth is invested, in effect, in progress, because it is made available for the development of natural resources and the marketing of goods and produce.
The thrift which leads to the savings or accumulation of wealth to capitalization is a product of character (Prov. 6:6–15).
Capitalization is a product in every era of the Puritan disposition, of the willingness to forego present pleasures to accumulate some wealth for future purposes (Prov. 14:23). Without character, there is no capitalization but rather decapitalization, the steady depletion of wealth.