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Updated: June 24, 2025
Socialism will purify politics, for private capitalism is the great source of political corruption. Socialism will make for education, invention and discovery; it will stimulate the moral development of men. Crime will have lost most of its motive and pauperism will have no excuse. That," said Shirley, as she concluded, "is socialism!" Ryder shrugged his shoulders and rose to go.
Nowhere have the socialists ever advised the destruction of trusts, nor have they anywhere opposed the taking over of great industries by the State. They realize that, as monopoly is an inevitable outcome of capitalism, so State capitalism, more or less extended, is an inevitable result of monopoly.
The availability of a general strike on a national scale as a means of assaulting capitalism at some future crisis or as a present means of defending the ballot or the rights of labor organizations or of preventing a foreign war, has for the past decade been the center of discussion at many European Socialist congresses.
That was the nearest approach to independence a man could make "under capitalism," he explained; he would never marry, for no sane man would allow himself to fall in love until after the revolution. He sat in a big arm-chair, with his legs crossed, and his head so far in the shadow that one saw only two glowing lights, reflected from the fire on the hearth.
This attitude of the French Socialist shows the very heart of the Socialist situation. In fact, it is only as private capitalism becomes State capitalism, or "State Socialism," that Socialists will be able to show what their position really is.
For a hundred years past the people of the United States, the most terrible existing democratic state, have scarcely had apolitical campaign that was not based upon some preposterous fear first of slavery and then of the manumitted slave, first of capitalism and then of communism, first of the old and then of the novel.
This is a dark saying, but it will become clearer when I have explained, according to the new apostles, a second error into which their predecessors had fallen. That second error was the assumption that all true friends of the people, whether Conservatives, Liberals, or revolutionaries, ought to oppose to the utmost the development of capitalism.
It was not difficult to understand why Marx's doctrine of economic evolution was for many years rejected by most Russian Socialists; why the latter took the view that Socialism must be more quickly attained, that capitalism was not a necessary precursor of Socialism in Russia, but that an intelligent leadership of passive masses would successfully establish Socialism on the basis of the old Russian communal institutions.
America is not alone in possessing the industrialism, but she is alone in emphasising the ideal that strives with industrialism. Industrial capitalism and ideal democracy are everywhere in controversy; but perhaps only here are they in conflict. France has a democratic ideal; but France is not industrial. England and Germany are industrial; but England and Germany are not really democratic.
He thereupon reads that the immanent laws of capitalistic production, the course of the development of capitalism, realise themselves as the necessary laws of competition and thus are brought to the consciousness of the individual capitalists as dominant motives.
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