Not for a moment do we despair of the future. The greatest educational propaganda ever known is spreading over the earth.

The working class will both see and understand. They have the inherent power of self-development. They are but just beginning to come into consciousness of their power, and with the first glimmerings of this consciousness the capitalist system is doomed. It may hold on for a time, for even a long time, but its doom is sealed.

Even now the coming consciousness of this world-wide working class power is shaking the foundations of all governments and all civilizations.

The capitalist system has had its day and, like other systems that have gone before, it must pass away when it has fulfilled its mission and made room for another system more in harmony with the forces of progress and with the onward march of civilization.

The centralization of capital, the concentration of industry and the co-operation of workingmen mark the beginning of the end. Competition is no longer “the life of trade.” Only they are clamoring for “competition” who have been worsted in the struggle and would like to have another deal.

The small class who won out in the game of competition and own the trusts want no more of it. They know what it is, and have had enough. Mr. John D. Rockefeller needs no competition to give life to his trade, and his pious son does not expatiate upon the beauties of competition in his class at Sunday school.

No successful capitalist wants competition—for himself—he only wants it for the working class, so that he can buy his labor power at the lowest competitive price in the labor market.

The simple truth is, that competition in industrial life belongs to the past, and is practically outgrown. The time is approaching when it will be no longer possible.

The improvement and enlargement of machinery, and the ever-increasing scale of production compel the concentration of capital and this makes inevitable the concentration and co-operation of the workers.

The capitalists—the successful ones, of course,—co-operate on the one side; the workers—who are lucky enough to get the jobs—on the other side.