University of Houston Digital Library: Socialist and Communist Pamphlets: Socialism summed up

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Socialism summed up

Image 13

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Hillquit, Morris. Socialism summed up - Image 13. 1913. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. June 13, 2021. https://digital.lib.uh.edu/collection/scpamp/item/377/show/273.

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Hillquit, Morris. (1913). Socialism summed up - Image 13. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/377/show/273

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Hillquit, Morris, Socialism summed up - Image 13, 1913, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed June 13, 2021, https://digital.lib.uh.edu/collection/scpamp/item/377/show/273.

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Compound Item Description

Title	Socialism summed up
Creator (LCNAF)	Hillquit, Morris
Publisher	The H. K. Fly Co.
Date	1913
Subject.Topical (LCSH)	Socialism
Genre (AAT)	pamphlets illustrations (layout features)
Language	English
Type (DCMI)	Text
Original Item Extent	110 pages; 20 cm
Original Item Location	HX86.H77 1914
Original Item URL	http://library.uh.edu/record=b8304545~S11
Original Collection	Socialist and Communist Pamphlets
Digital Collection	Socialist and Communist Pamphlets
Digital Collection URL	http://digital.lib.uh.edu/collection/scpamp
Repository	Special Collections, University of Houston Libraries
Repository URL	http://libraries.uh.edu/branches/special-collections
Use and Reproduction	Public Domain
File Name	index.cpd

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Item Description

Title	Image 13
Format (IMT)	image/jpeg
File Name	uhlib_2100825_012.jpg
Transcript	CAUSES THAT MAKE FOR SOCIALISM u their industry is at best a mere subsistence wage. The fruits of their labor go largely to the possessor of the productive capital as an involuntary tax or license fee. Thus modern society is split into two principal economic classes: the users of the machinery of production, who do not own it, and the owners, who do not use it; the employers and the employees, the capitalists and the workers, those who derive their income from "profits" and those who depend for their living on "wages." The classes are not fixed by law, but they are determined just as effectively by economic position, and as the modern industrial system is unfolding, they tend to become permanent and even hereditary. A lucky workingman or clerk may still occasionally be lifted into the coveted realms of wealth and power, but the probabilities of such a rise are not much greater than the proverbial chances of each soldier in the Napoleonic army to be advanced to the rank of field marshal. The vast mass of wage- earners are doomed to factory work for life, and their children are predestined factory hands. And similarly capitalism is rapidly becoming a hereditary status. The "self-made man," the pioneer of a new industry, is fast passing away. Modern wealth is largely in the hands of second or third generations. The gay heir who squanders his fortune and is reduced to the original poverty of his grandsires, becomes rarer, as the fortunes of the individual capitalists grow in bulk, and corporate management supersedes individual initiative.