Socialism: a Summary And Interpretation of Socialist Principles

Cover Socialism: a Summary And Interpretation of Socialist Principles
Socialism: a Summary And Interpretation of Socialist Principles
Spargo John
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Capital is the intellectual explanation of Sociahsm, not its cause.
Much more than their opponents, SociaUsts have recognized this, and it can be said with absolute con- fidence that they have been much more independent in their attitude toward the great work of Marx than most of their critics have been.
It cannot be fairly said that the sum of criticism has seriously affected the general Marxian theory.
CAPITALISM AND LAW OF CONCENTRATION 103 So far as that criticism has touched the subject we
... are discussing, it has been almost pitifully weak, and the furore it has created seems almost pathetic. The main results of this criticism may be briefly summarized as follows: First, in industry, the persistence, and even increase, of petty industries; second, in agri- cultm-e, the failure of large-scale farming, and the decrease of the average farm acreage ; third, in retail trade, the persistence of the small stores, despite the growth in size and number of the great department stores. At first sight, and stated in this manner, it would seem as if these conclusions, if justified by facts, involved a serious and far-reaching criticism of the Sociahst theory of a imiv^rsal tendency toward the concentration of industry and commerce into units of ever increasing magnitude.

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