Capital and Profits: Containing a Criticism of Marx and the Next Step in Our Industrial Evolution (Classic Reprint) - Hardcover

David C. Reid

9780331255843: Capital and Profits: Containing a Criticism of Marx and the Next Step in Our Industrial Evolution (Classic Reprint)

Hardcover

ISBN 10: 0331255847 ISBN 13: 9780331255843

Publisher: Forgotten Books, 2018

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Excerpt from Capital and Profits: Containing a Criticism of Marx and the Next Step in Our Industrial Evolution

Socialism is itself in process of evolution. It has already passed through two stages of development. In the first stage, the so-called Utopian, it caught sight of its chief aim, which is - to secure universal economic justice. In the second stage, the Marxist, it caught sight of the evil principle which socialism must overthrow, namely, that feudalistic capitalism or financial despotism which is the fundamental cause of economic injustice and wrong.

But socialism must now enter upon a third stage of develop ment and unfold the concrete plan of industrial reconstruction by which to overthrow industrial autocracy and secure justice and fair play in the struggle for bread.

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