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Socialism summed up
Image 17
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Hillquit, Morris, 1869-1933. Socialism summed up - Image 17. 1913. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. October 19, 2019. https://digital.lib.uh.edu/collection/scpamp/item/377/show/277.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hillquit, Morris, 1869-1933. (1913). Socialism summed up - Image 17. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/377/show/277

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hillquit, Morris, 1869-1933, Socialism summed up - Image 17, 1913, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed October 19, 2019, https://digital.lib.uh.edu/collection/scpamp/item/377/show/277.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Socialism summed up
Creator (LCNAF)
  • Hillquit, Morris, 1869-1933
Publisher The H. K. Fly Co.
Place of Creation (TGN)
  • New York
Date 1913
Subject.Topical (LCSH)
  • Socialism
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 110 pages: illustrations; 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 This item is in the public domain and may be used freely.
File Name index.cpd
Item Description
Title Image 17
Format (IMT)
  • image/jpeg
File Name uhlib_2100825_016.jpg
Transcript CAUSES THAT MAKE FOR SOCIALISM 15 periods of inactivity and depression during which millions of willing workers are forced into idleness and starvation. The system of competition has not been without merit. It has organized industry, stimulated invention and increased human productivity a hundredfold. It has created vast wealth and evolved higher standards of life. It has broken down the barriers between countries and united all modern nations into one world-wide family of almost identical culture and civilization. It has played a most important and useful part in the history of human growth. But sharing the fate of all other industrial systems, competition finally reaches a stage when its mission is accomplished, and its usefulness is outlived. Competition, which in its youth and vigor is "the life of trade," becomes in old age a plague and a nuisance. In the long run it demoralizes the industrial life of the nation and exhausts and ruins the competitors themselves. At that point competition begins to yield, gradually but surely, to a new industrial form —combination. Then arises the modern business corporations, followed by trade agreements and pools, and finally by the trusts and monopolies. The trusts are not the invention of ingenious financial manipulators, nor are they accidental and preventable evils. They are the inevitable culmination of the process of capitalist development, the mature fruit of the system of industrial individualism. They represent a superior and more efficient