In neither case is there any appeal to individuality or a recognition of individual rights. The appeal is to a majority of bonds, controlled by a few. Should these decide for reorganization, then reorganization it will be. Should they decide against reorganization, then reorganization it will not be. The individual will not count, but the majority of the bonds of the few controlling the corporation will.
Capitalism is a fraud within a fraud.
Proclaiming itself individualistic, it organizes collectively in order to promote the aims of a few. Socialism, on the other hand, is genuineness itself. Believing that industry is collective in organization and operation, it proclaims itself in favor of collective ownership and control. By these means it would secure to labor the products of its toil, now confiscated by the few, and, in this way, preserve to the workers, the majority of the population, a greater individuality than that which they now attain.