The real issue of our time is industrial democracy we must face that
fact. And those in America and the Entente nations who continue to
oppose it will do so at their peril. Fortunately, as will be shown, that
element of our population which may be designated as domestic Junkers is
capable of being influenced by contemporary currents of thought, is
awakening to the realization of social conditions deplorable and
dangerous. Prosperity and power had made them blind and arrogant. Their
enthusiasm for the war was, however, genuine; the sacrifices they are
making are changing and softening them; but as yet they can scarcely be
expected, as a class, to rejoice over the revelation--just beginning to
dawn upon their minds--that victory for the Allies spells the end of
privilege. Their conception of democracy remains archaic, while wealth
is inherently conservative. Those who possess it in America have as a
rule received an education in terms of an obsolete economics, of the
thought of an age gone by. It is only within the past few years that our
colleges and universities have begun to teach modern economics, social
science and psychology--and this in the face of opposition from trustees.
Successful business men, as a rule, have had neither the time nor the
inclination to read books which they regard as visionary, as subversive
to an order by which they have profited. And that some Americans are
fools, and have been dazzled in Europe by the glamour of a privilege not
attainable at home, is a deplorable yet indubitable fact.
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