ABSTRACT
The industrial goal of the democracy is the socialization of industry. It is the attainment by the people of the largest possible industrial control and of the largest possible industrial dividend. The broad outlines of the democracy's industrial program are to be found in the promises and declamations of the platforms of our political parties. The most characteristic feature of the industrial program of the democracy, as revealed in party platforms and in books, newspapers, and speeches, as well as in actual legislation, is the emphasis which is laid upon the state in industry. In certain industries socialization may involve a government monopoly. It is important that the democracy make use of all existing agencies for the attainment of its industrial program. There is a theory of business which is diametrically opposed to industrial socialization. It regards industrial enterprises as international law regards the nations, –as sovereign bodies, with the internal affairs of which no one may meddle.
