NEW YORK
HENRY HOLT AND COMPANY
1913
Copyright, 1913
by
HENRY HOLT AND COMPANY
Published January, 1913
THE QUINN & BODEN CO. PRESS
RAHWAY, N.J.
PREFACE
It is becoming more and more evident that democracy has served only the first years of its apprenticeship. Political problems have served only to introduce popular government. The economic problems now rushing upon us will bring the real test of democracy.
The workingman has taken an advanced place in the struggle for the democratization of industry. He has done so, first, through the organization of labor unions; secondly, through the development of political parties—labor parties. The blend of politics and economics which he affects is loosely called Socialism. The term is as indefinite in meaning as it is potent in influence. It has spread its unctuous doctrines over every industrial land, and its representatives sit in every important parliament, including our Congress.