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Rh large proportion of the population are rescued from its dominion, there is no reason to wish it wholly abolished. As a competitor and a rival, it might serve a useful purpose in preventing more democratic enterprises from sinking into sloth and technical conservatism. But it is of the very highest importance that capitalism should become the exception rather than the rule, and that the bulk of the world's industry should be conducted on a more democratic system.

Much of what is to be said against militarism in the State is also to be said against capitalism in the economic sphere. Economic organizations, in the pursuit of efficiency, grow larger and larger, and there is no possibility of reversing this process. The causes of their growth are technical, and large organizations must be accepted as an essential part of civilized society. But there is no reason why their government should be centralized and monarchical. The present economic system, by robbing most men of initiative, is one of the causes of the universal weariness which devitalizes urban and industrial populations, making them perpetually seek excitement, and leading them to welcome even the outbreak of war as a relief