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 proper lamps to give them light, or the implements necessary for modern agriculture. Lastly, unproductive land, of which there is plenty, would have to be turned to the best advantage, poor soils enriched, and rich soils, which yet, under the present system, do not yield a quarter, no, nor a tenth of what they might produce, submitted to intensive culture and tilled with as much care as a market garden or a flower plot. It is impossible to imagine any other practical solution of the problem; and, whether we like it or not, sheer force of circumstances will bring it to pass.

III

The most prominent characteristic of capitalism is the wage system, which in brief amounts to this:— A man, or a group of men, possessing the necessary capital, starts some industrial enterprise; he undertakes to supply the factory or workshops with raw material, to organize production, to pay the employés a fixed wage, and lastly, to pocket the surplus value or profits, under pretext of recouping himself for managing the concern, for running the risks it may involve, and for the fluctuations of price in the market value of the wares.

To preserve this system, those who now monopolize capital would be ready to make certain concessions; to share, for example, a part of the