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 what gives us greater social power. It is to it that we owe our increased comfort and abundance. We are none of us ready to sacrifice this. On the contrary, we want more of it. We would not return to the colonial simplicity and the colonial exiguity if we could. If not, then we must pay the price. Our life is bounded on every side by conditions. We can have this if we will agree to submit to that. In the case of industrial power and product the great condition is combination of force under discipline and strict coordination. Hence the wild language about wage-slavery and capitalistic tyranny.

In any state of society no great achievements can be produced without great force. Formerly great force was attainable only by slavery aggregating the power of great numbers of men. Roman civilization was built on this. Ours has been built on steam. It is to be built on electricity. Then we are all forced into an organization around these natural forces and adapted to the methods or their application; and although we indulge in rhetoric about political liberty, nevertheless we find ourselves bound tight in a new set of conditions, which control the modes of our existence and determine the directions in which alone economic and social liberty can go.

If it is said that there are some persons in our time who have become rapidly and in a great degree rich, it is true; if it is said that large aggregations of wealth in the control of individuals is a social danger, it is not true.

The movement of the industrial organization which has just been described has brought out a great demand for men capable of managing great enterprises. Such have been called "captains of industry." The analogy with military leaders suggested by this name is not misleading. The great leaders in the development of the