Examples of this admission on the part of American socialists.

The socialism of Marx, however, still remains the socialism of
the more ignorant classes, and also of the popular agitator.

It is, moreover, still used as an instrument of agitation by
many who personally repudiate it. The case of Mr. Hillquit.

The doctrine of Marx, therefore, still requires exposure.

Further, it is necessary to understand this earlier form of
socialistic theory in order to understand the later.


CHAPTER VI

REPUDIATION OF MARX BY MODERN SOCIALISTS, CONTINUED.
THEIR RECOGNITION OF CAPITAL AS THE IMPLEMENT OF DIRECTIVE
ABILITY.
THEIR NEW POSITION, AND THEIR NEW THEORETICAL DIFFICULTIES

The more educated socialists of to-day, besides virtually
accepting the argument of the preceding chapters with regard to
labour, virtually accept the argument set forth in them with
regard to capital.

Mr. Sidney Webb, for example, recognises it as an implement of
direction, the only alternative to which is a system of legal
coercion.