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Updated: May 13, 2025
In conclusion, American trade unionism, no matter whether the American Federation of Labor keeps its old leaders or replaces them by "progressives" or socialists, seems in a fair way to continue its conservative function so long as no overpowering open-shop movement or "trustification" will break up the trade unions or render them sterile.
It is better for us to deal with individual capitalists than with a ring. The formation of a committee in England, for example, with a monopoly of trade with Russia, would have the effect of raising prices against us, since we could no longer go from a dear shop to a cheaper one. Besides, as socialists we naturally wish to do nothing to help in the trustification of English manufacturers."
The trustification of industry the object lesson which demonstrates the possibility of collective ownership will in time compel even these to understand, and by the time they have learnt that, they will also have learned by bitter experience and not from theoretical teaching, that they must either own the trusts or perish, and then, and not, till then, they will achieve Socialism.
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