Excerpt from Social Wrongs and State Responsibilities: It Should Require No Argument to Prove That Industrial Equity Is Incompatible With the Private Ownership of Economic Fundamentals
That our current economic theories have been premised in a passing phase of social evolution, and that the doctrines based upon them reflect a predatory stage of human development, comes as a legitimate inference, which, on closer acquaintance with the true conditions, ripens into a conviction.
The parasitic foundations of society come to us from the rudimentary past, where they found their justification in evolutionary expediency; and while this justification no longer holds, the parasitism continues to endure.
The discovery of the law of solvent functions and the formulation of the economic equation, made possible the brief analysis of the economic situation attempted in these pages. If the writer has used his data and arguments to good purpose, they will show among other important things:
That along the cleavage plane of average property possession society falls apart into two hostile camps with interests diverging.
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