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STATE CAPITALISM.
I do not hesitate to repeat my former declaration that a practical surrender of our party principles appears to me far more dangerous than all of Bernstein's theoretical will-o'-the-wisps put together. It has been claimed that in the spoils parties political nerve has died out; that they have lost the spirit of freedom and justice. The claim certainly does not lack foundation, and yet that condition is no recent matter. Disregarding short periods, the German bourgeoisie never did have what is understood by "political nerve." But however that may be, it cannot be denied that we are now living under the influence of politico-economic conditions which tend to sharpen in the highest degree the economic and political antagonisms on the one hand, and yet on the other hand tend towards an opportunist relaxation of principles. In addition to that we must take into consideration the political backwardness of the bourgeoisie in Germany, which is the cause of the fact that there does not exist here a really liberal party, to say nothing of a democratic party. This fact has this as its natural result: that the honestly liberal and democratic elements of the bourgeoisie gravitate more and more towards the side of the Social Democracy as the only party which is fighting for democratic principles in Germany. But these democratic elements do not thereby become Socialists, though many believe they are socialists. In short, we have now in Germany a phenomenon which has been observable in France for half a century and longer, and which has contributed much to the confusion of party relations in France, viz.: that a part of the radical bourgeoisie rallies around the Socialist flag without understanding the nature of socialism. This political socialism, which in fact is only philanthropic humanitarian
