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26 Labor Party to have appeared in the least indifferent to the childish and silly tricks of the coronation; hence it must leave nothing undone to show its loyalty, lest our enemies get ammunition to use against us and we shall not be able to stay in. Nothing more absurd and degrading can be imagined than the participation of any Labor Party in such a spectacle, but such are the conditions of this game. If you start in to play it you must play it, and you must play it in the way that will win.

Meantime there remains this awkward fact tboutabout [sic] the condition of the working class. It is no less exploited than before. It is as far, apparently, from the day of justice under the rule of the Labor Party as it was under the rule of the Liberal Party. What are you going to do about that? Why, there is nothing to be done about that as yet. The country, you see, is not ready for any radical measures on that subject. If we undertake to make any great changes in fundamental conditions we should be defeated at the next election, and then we should not be in, but should be out. True, the cost of living is steadily increasing, and that means that the state of the working class is inevitably declining. True, under the present system power is steadily accumulating in the hands of the exploiters, so that if we are afraid to offend them now we shall be still more afraid to offend them next year and the next. But the main thing is to keep in. We're in; let us stay in.

Hence, also, the Labor administration has been very careful not to offend the great money interests and powerful corporations that are growing up in the country. These influences are too powerful in elections. Nothing has been done that could in the least disturb the currents of sacred business. It was recognized as not good politics to antagonize business interests. Let the administration keep along with the solid business interests of the country, reassuring them for the sake of general prosperity and helping them to go on in the same safe, sane and conservative way as before. It was