8. The socialist's attitude toward industrial crises. (Le Rossignol, Orthodox Socialism, chapter vi.)
9. Objections to the socialist's attitude toward production. (Ely, Strength and Weakness of Socialism, part iii, chapter vi.)
10. Objections to socialism as a scheme of distribution. (Ely, Strength, and Weakness of Socialism, part iii, chapter viii.)
11. Socialism and American ideals. (Myers, Socialism and American Ideals.)
12. Social justice without socialism. (Clark, Social Justice without Socialism.)
CHAPTER XVII
A DEMOCRATIC PROGRAM OF INDUSTRIAL REFORM
[Footnote: The title of this chapter, as well as the material in
Sections 170-175, has been adapted, by permission, from the writings
and lectures of Thomas Nixon Carver, Professor of Economics in Harvard
University.]
167. THERE IS NO SIMPLE REMEDY FOR THE DEFECTS OF CAPITALISM.—The economic system of a modern civilized nation is a vast and complicated affair, and its defects are both numerous and deep-lying. No one really familiar with the problem would propose so simple a remedy as socialism for so complex a disease as industrial maladjustment. History affords many examples of schemes that were designed to eliminate poverty from the world suddenly and completely, but no such scheme has succeeded.
Let it be understood at the outset of this chapter, therefore, that really to eliminate the basic defects of our industrial system we must resort to a series of comprehensive reforms rather than to a single scheme or theory. These reforms must be so wisely planned and so carefully executed as to attack the evils of capitalism from a number of angles simultaneously. The attack must be partly by legislative, and partly by non-legislative methods.