“Not a bit of it.” Levin could hear that Oblonsky was smiling as he spoke. “I simply don’t consider him more dishonest than any other wealthy merchant or nobleman. They’ve all made their money alike⁠—by their work and their intelligence.”

“Oh, by what work? Do you call it work to get hold of concessions and speculate with them?”

“Of course it’s work. Work in this sense, that if it were not for him and others like him, there would have been no railways.”

“But that’s not work, like the work of a peasant or a learned profession.”

“Granted, but it’s work in the sense that his activity produces a result⁠—the railways. But of course you think the railways useless.”

“No, that’s another question; I am prepared to admit that they’re useful. But all profit that is out of proportion to the labor expended is dishonest.”