This page needs to be proofread.
of the field of foreign exchanges, there is a large likelihood that their change in direction will be toward socialism. Were the theory of collective ownership and operation then to arise for the first time, such a movement would stand small chance of success. But such is not the case. The doctrine of socialism has flourished and grown throughout the nineteenth century; its tenets have been preached wherever the interests of labor and capital have clashed; and it has received exemplification time and again by the State's assumption of functions which had always belonged solely to the individual.
When capitalistic production has attained its maximum development, it must confront a dividing of the ways; and
