Waterbury evening Democrat., 1908-09-04


 action gained in all previous con. flicts; the union constitutes their or ganization; socialism, their political ] intelligence.
 "DR ANTON PANNEKOEK, Berlin
 Written for the Review, and translated by William E. Bohn."
 A peculiar feature of all attacks on socialism is the lack of knowl- edge of the economic terms. The | present writer says "The socialist promises not only the fruits of his labor but another mans capital" So, cialism accepts the ordinary defini- tion of capital-that it is wealth used to assist production, that it changes from fixed capital to cir. culating capital by the application or exploitation of labor power, and becomes accumulated labor powers from the profits accruing from that labor" Labor is absolutely essen- tial to capital and instead of labor robbing the capitalist of wealth, 1t would only be securing under sane system of production a fair share of the wealth produced by labor Lasalle in his book What is Capi> 1 tal?" says-'We said that there is not a single drop of the sweat of the workers that is not paid back to capital in the price of production. and that every pound in the hands | of the employers produces another pound. With this increase the | power of capital increases, SC that every effort of the workers enables the capitalist to compel the workers i to further toll.
 And when it is possible to reduce the price of the products and thus cheaper the means of subsistence, then the increase of workers does not increase with the increased pro- duct of labor but the power of capi- tai does.
 Take all those who have worked together in the production of some article, those who have worked with their brains as well as with their hands; add together what they have received for their work, and they will not be able to recover the pro- duct of their labor. And when machinery is employed thus caus- ing greater production with the same amount of labor, then it be- comes more and more impossible for the workers to buy back with their wages the product of their work, ! and they become poorer and poorer but the capitalists say that the profit of capital is really the recom- pence of the brain-work of the capi- talists, the reward of his manage ment. In reality however, only a very small portion of the income of the capitalists can come under this head. If you want to know how small it is, look at the salaries paid to stewards of estates, to managers of factories etc. who do the brain work while the principals attend to other matters or travel for pleasure. This feature Is still more strongly marked in the case of railway joint stock banks, and industrial com- panies who possess the capital. live on their dividends, whilst the brain work of tie business is done by salaried officials"
 This brings us to the point so often harped upon that when the socialist republic is inaugurated ed to that some of Rockefeller's 100000 or Carnegies. or some other poor millionaire might lose some of his possessions, this on the face of it is very ridiculous. A system that would give men what belongs to them and restore to them that which they are now robbed of, is called ''confiscation." While a system that permits wholesale robbery, like that of which the Standard Oil Trust now stands convicted of and goes unpunished for, by the kindnsss of capitalist court is upheld and any attempt to prove the injustice of such private ownership condemned as a dream of fanatics.
 Socialists to-day protest against all confiseation of land and liberty, all privileges and monopolies which deprive humanity of it's inherent rights. the rights to life, liberty and happiness.
 The Rev Father McGrady in book called Socialism and the La- bor Problem calls attention to the terrible contrasts presented by this capitalist system where the idlers enjoy the products of the toll of others. and where the toilers live in poverty and degradation:
 ''If our powers of productivity have been multiplied twenty-fold within the last half century. then we should have 20 times the amount of comforts for the same applica- tion of labor in the days of our fa- thers. But such is not the case. Poverty has everywhere kept pace with the march of progress. Tn one part of the city is magnificent mansion, adorned with Oriental rugs and carpets and drapery from the workshops of Switzerland, windows of variegated colors from the fac forfas of Germnuy. Gtafuary of tho