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Rh are to be trained to work with each other, rather than competitively against each other; if we are to substitute "democratic for aristocratic management;" if labor groups are to assume the heavy risks of direction as well as possible losses, then the one fatal thing is not to educate labor for its coming duties. In the light of this imperative need, all practices will be tested. Strikes, boycott and sabotage will be curbed and made severely incidental to something greater than themselves. These negations will have no insane and indiscriminate recommendation, as our I. W. W. now give them in the United States. Positive virtues will be kept at the front. From Pelloutier to Odon Por this imperious necessity of training and education seems to have been felt by a few leading spirits.

It is at this point that Sorel himself forgets his "saving pessimism," his "Illusions of Progress" on which he writes a book, his "Myths" and "fighting virtues," for calm discussion of the possibilities of coöperative credit in Raiffeisen banks that has freed an army of small farmers from the clutch of the usurer.

As economic instructor, it is the one commanding service of working coöperation, that it teaches labor the functions of business. It not only brings out the nature of market risks and the need of managers' ability, but it puts every active member instantly to school on the fundamental questions of property. No profitable moment can be spent in discussing Socialism apart from the nature and function of interest, rent and profits.

Wherever Socialism has created its own coöperative business in distribution, production, banking, it has