The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-12-21
Socialism-The Remedy?

Because Lassale and Marx only the crafty
chiefs ownership OF the flint deposit through which he
could still make his profit though his and the eff
cient makers factories sold product the
actual cost Of production proposition that could result
only in the economic ensavement the efficient man.
the world today faces the topsyturvy solution of its
ailments offered by constantly growing
mand for national and international ownership all the
means production and distribution It true that
unregulaed private ownership Of raw material was
and still is-one great inequality
opportunity.
Marx, selecting private ownership OF the materials
instruments of production and the OF d1str
button the only root OF all economic evil predicted
the breakdown OF Especial prvilege) competition and
the coming OF the monopolstic well ultimate
ly the assumption OF all monopoly rights and the abo
private ownership by the people under state
socialism. been derided for that prediction and
yet today the monopoly OF monopoes the Money Power
a fact and its growth in geometrical progression is
being met by the equally great not greater growth
OF the socialists.
also originated tho labor value theory OF value
in production and distribution and showed clearly
that under private ownership and the impending
olisc age labor would always be deprived Of the full
fruits of it's work Irrespective at OF the truth
falacy the labor value theory, it is fact that
where previous the Homestead strike organized labor
had prominent place in tho steel industry. today it
has practically and unorganzed labor is deprived
OF the full fruits Of it's work At the time millions
OF dollars annually paid In dividends on tho
waered" OF tho capitalization OF the steel trust
Socialism in the United States today means prac-
tcaly just thing-government ownership Of all the
means of production and distribution The control OF
these things has been to be passing steadily under
the few in control of the money power.
this change has very little improvement in
conditions surrounding the laboring class In
for instance in the treatment OF its employees
by the steel trust labor conditions in the face of
eral prosperity throughout the nation have become
have
cessfuy class consciousness; to make the
aborng class believe that all wealth is produced direct
y through its efforts and that for any other class to
share in the proceeds thereof plain of expropr
ating that which should belong exclusively to labor.
Socialism is teaching labor that II 1t wishes to realize
fullest tho wealth it produces, private
ownership OF the means Of production and distribution
must be abolished In its place must be set govern
ment ownership Of these things because presumably in
this manner a set Of officials be elected by the
peope-now all belonging to the laboring cass-who by
statistical bureau. will be able to apporton
to each his share in the wealth that is
produced. These officials also to be tho most
efficient obtanable-by electionso that coopera
labor may be directed wisely to the end that
duction and distribution will be the basis OF highest
possible efficiency.
Such q government would be altogether economic.
would be charged with performing all the functions
that are undertaken through individual initiative.
Through the adjustment of private ownership in land
factories railroads, stores, IL would
body individuals exclusive participation in rent
interest profit but it would not be able to destroy
the principle OF these things without destroying
nomic life WELL Rent is but another way of express.
ing interest the Investment OF capital in land.
the hence the incentive for creating
capital by sacrificing of pleasures through
saving a portion Of ones earnings income. Profit is
reward and incentive for those who direct the
ductive labor and those who direct the ds
button products able afford the machinery
buildings equipment and organization necessary to do
through the of their capital and that
OF the strictly investing saving class
Theoretically rent, interest and profit regulated
through competition As Marx predicted. however,
there has breakdown in the practical working OF
theory especially with profits and while rent aud
tho profit the smaller business have
tended constantly towards lower level the profit OF
tho larger business man has grown SO large that today
in the money power is absorbing completely tho
smaller profit And in the predicted age OF the money
monopoly it will have absorbed rent and interest.
Socialism to be OF real and lasting benefit to society
8 a whole retain form OF incentive whereby
the individual effort that has been so potent in the de-
veopment OF tho still will continue to be
aged Instead class OF citizens. temperamentaly
the task. providing their savings the
ital with which progress will continue in the devel
opment OF industry, government must exercise that
function exclusively Scientific socialists claim this
will be accomplished under the cooperative common
wealth. efficient will be elected to direct
the workings OF this huge publ1cowned machinery OF
production and distribution Furthermore the incent-
efficient work will lie in the right Of each
to be paid in direct proportion to his productive
labor. This the scientific socialists claim can be ascer"
tanned through a bureau of statistics
Efficient possibly might be elected by the
pie to direct affairs q national industrial
machine II they could be and if a fawless system OF
proportonate distribution OF the rewards for labor
products could be worked out socialism would quickly
carry the day. That this is held to be impossible
though by socialists themselves is proved by
large body people believing the principles