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By The Bobbs-merblll Company
Printed in the United States 07 America
In issuing a new edition, a few notes have been added bringing one or two statements up to date. Socialism still remains a bogy to a considerable remnant. The somewhat deteriorated methods of party political controversy have led, especially since the Labor Party came into prominence, to a use of Socialist literature which indicates that in antiSocialist headquarters it has fallen under the scrutiny of people who are either peculiarly stupid or peculiarly dishonest. When every new and unfamiliar idea is seized upon and broadcasted for the purpose of creating prejudice, and is annotated and commented upon for the purpose of rousing ignorance and fear into activity, ephemeral party gains may be recorded. It is a sorry game to play, however, and its results will have to be paid for dearly.
There are grades in the heinousness of the offense, ranging from the disreputable slanders that Socialism means the nationalization of women, to the muddle-headed attacks that have been made from Front Benches in the House of Commons, on the ground that Socialists believe that the credit power should be held by an organ acting not for private advantage but for general industrial well-being. The reason for the muddle-headedness of the latter is that the Socialist method of transformation is not at all understood by those whose only interest in it is the advantages it gives to political leaders, who