"Dear me! Dear me! Why you make out these capitalists to have been even worse than the kings, for the kings at least professed to govern for the welfare of their people, as fathers acting for children, and the good ones did try to. But the capitalists, you say, did not even pretend to feel any responsibility for the welfare of their subjects?"
"None whatever."
"And, if I understand," pursued Edith, "this government of the capitalists was not only without moral sanction of any sort or plea of benevolent intentions, but was practically an economic failure--that is, it did not secure the prosperity of the people."
"What I saw in my dream last night," I replied, "and have tried to tell you this morning, gives but a faint suggestion of the misery of the world under capitalist rule."
Edith meditated in silence for some moments. Finally she said: "Your contemporaries were not madmen nor fools; surely there is something you have not told me; there must be some explanation or at least color of excuse why the people not only abdicated the power of controling their most vital and important interests, but turned them over to a class which did not even pretend any interest in their welfare, and whose government completely failed to secure it."
"Oh, yes," I said, "there was an explanation, and a very fine-sounding one. It was in the name of individual liberty, industrial freedom, and individual initiative that the economic government of the country was surrendered to the capitalists."
"Do you mean that a form of government which seems to have been the most irresponsible and despotic possible was defended in the name of liberty?"
"Certainly; the liberty of economic initiative by the individual."
"But did you not just tell me that economic initiative and business opportunity in your day were practically monopolized by the capitalists themselves?"
"Certainly. It was admitted that there was no opening for any but capitalists in business, and it was rapidly becoming so that only the greatest of the capitalists themselves had any power of initiative."