| editor

“ The growing demand of labour to participate more fully in the fruits of production, the cry for the destruction of capitalism, the problems of the trusts and the kartels, the combination of numerous small capitalists with labourers in joint-stock or co-partnership production, the growth of credit in all its manifestations, the nationalisation of productive organizations (culminating in Bolshevik destruction of private property in the case of Russia) are all steady indications of the coming of a new era. ”

“ A complete revolution in the methods of production, transportation as well as exchange is brought about, and men become more and more inter-dependent. Barter gives way to money economy. Mechanism of exchange becomes intricate with the introduction of credit. Division of labour becomes wider and finer and extends to territorial division through international trade. Private property develops with a vengeance. Capitalists command economic destinies of nations and labour is completely dissociated from any control of production. ”

“ Animals however could not eternally supply food for the growing generations of men. Nature had to be controlled and directed to produce provisions for human beings. Men learnt to utilise nature’s power for raising food products for themselves. The agricultural stage was reached. Gradually the idea of private property developed and a system of some division of labour was also noticed. ”