Page:The iron heel.djvu/173

 "But this socialism of yours is a dream," Mr. Calvin said; and repeated, "a dream."

"I'll show you something that isn't a dream, then," Ernest answered. "And that something I shall call the Oligarchy. You call it the Plutocracy. We both mean the same thing, the large capitalists or the trusts. Let us see where the power lies to-day. And in order to do so, let us apportion society into its class divisions.

"There are three big classes in society. First comes the Plutocracy, which is composed of wealthy bankers, railway magnates, corporation directors, and trust magnates. Second, is the middle class, your class, gentlemen, which is composed of farmers, merchants, small manufacturers, and professional men. And third and last comes my class, the proletariat, which is composed of the wage-workers.

"You cannot but grant that the ownership of wealth constitutes essential power in the United States to-day. How is this wealth owned by these three classes? Here are the figures. The Plutocracy owns sixty-seven billions of wealth. Of the total number of persons engaged in occupations in the United States, only nine-tenths of one per cent are from the Plutocracy,