Sentence:  As it is , they consider that the North is now reaping the fruits of excess <WSD>egalitarianism</WSD> , that in spite of its high standard of living the `` American way '' has been proved inferior to the English and Scandinavian ways , although they disapprove of the socialistic features of the latter . 
Meaning of the word marked with <WSD> tags:  the doctrine of the equality of mankind and the desirability of political and economic and social equality