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

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Socialism summed up

Image 38

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Hillquit, Morris. Socialism summed up - Image 38. 1913. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. June 12, 2021. https://digital.lib.uh.edu/collection/scpamp/item/377/show/298.

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Hillquit, Morris. (1913). Socialism summed up - Image 38. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/377/show/298

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Hillquit, Morris, Socialism summed up - Image 38, 1913, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed June 12, 2021, https://digital.lib.uh.edu/collection/scpamp/item/377/show/298.

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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 38
Format (IMT)	image/jpeg
File Name	uhlib_2100825_037.jpg
Transcript	: 36 SOCIALISM SUMMED UP needs and relations are adjusted automatically by the free play of the forces of supply and demand, without interference or regulation, has gained such universal currency that it dominates the average mind even to-day. The orthodox lecturer or text-book writer on political economy is still earnestly discussing the merits of individual enterprise as against collective action and the advantages of competition over combination. He stubbornly refuses to notice that the mute forces of economic development, unconcerned by his learned theories and abstractions, have nullified the very basis of his argument, and are rapidly destroying individual effort and competition in industry. It always has been the privilege of our men of learning to live on the thoughts and facts of past ages. The modern factories, mines, railroads and other great industrial enterprises are co-operative institutions in their work and methods of production. Perfected machinery and division of labor have entirely obliterated the individuality of the worker's product. The individual worker in modern, up-to-date industries does not produce consumable commodities or render usable service. He creates particles and performs fractional operations, useless and meaningless by themselves, and acquiring value and significance only in conjunction with other fractional products created by their fellow workers. Production has developed into a distinctly social process—the collective efforts of the workers sustain our modern indus-