of individual enterprise. And not only this, but the character of our whole social system is undergoing a change of quite some importance by reason thereof. And these changes have already wrought great changes in the ideology of the different classes composing our society, and are going to entirely revolutionize it. The famous phrase of a well-known English statesman, "We are all socialists now," was not as idle as some people supposed it to be. Of course the gentleman who uttered it may not himself have quite realized its full import, but the fact that he uttered it is one of the proofs of its correctness, although he may have attached to it an entirely different meaning from the one we give it. Its real meaning is this: The philosophy of individualism, the ideology of private ownership of property, and particularly of individual enterprise, is doomed; and the philosophy of collectivism, the ideology of the collective ownership of the means of production and of the social organization of human enterprise, is fast taking its place. The change is taking place not only in the realm of jurisprudence, which is the immediate expression of accomplished economic facts, but also in the remoter fields of art and philosophy. As yet there is chaos. None can mistake the "breaking up of old ideals," but only very few can see the whole meaning and import of it: that a new society, and a new ideology to correspond, are forcing their way and making rapid strides.
Spencerianism, that purest expression of capitalism, and not so very long ago the reigning philosophy, is dead and forgotten. And every new day surprises us by the official throwing overboard of some remnant of that philosophy which was still clung to the day before. Socialism is the order of the day. But not merely the "menace of socialism," which simply reflects the growth of the organization of the working class, but the recognition of collectivist principles and the expression of collectivist ideas. The session of the American Congress just closed gave remarkable evidence of that. It is not what was accomplished there, but
