Modern Economic Problems eBook

Frank Fetter
This eBook from the Gutenberg Project consists of approximately 554 pages of information about Modern Economic Problems.

Modern Economic Problems eBook

Frank Fetter
This eBook from the Gutenberg Project consists of approximately 554 pages of information about Modern Economic Problems.

The old time “scientific” socialist had a lofty scorn for any less dogmatic philosophy than his own or for any less sweeping social change than that he expected.  Moderate social reform to him was but temporizing; indeed, it was evil, inasmuch as it helped to postpone the inevitable, but in the end, beneficent catastrophe of the social revolution.  A step-by-step movement toward socialism, state socialism,[19] even of a pretty sweeping character, was, to the old-time Marxians, not really socialism at all.  A valid reason for this attitude was found in the extremely limited manhood suffrage and in the aristocratic class government of most European countries, especially of Germany; so that, as the party socialists saw it, multiplying state enterprises but increased the power of the ruling, and eventually of the militarist, class.  The social-democratic leaders felt that until they themselves were in power, the growth of “state socialism” would be a calamity for the nation.  The events of 1914 may make our judgment tolerant toward their feeling.

Sec. 19. #Its unreal and negative character.# The so-called “scientific” socialism had, therefore, a peculiarly unscientific spirit; for, in a modern sense, science implies a patient search for truth, not a sudden revelation; a constant testing of opinions by observation and experiment, not a dogmatic conviction that refuses the test of reality.  “Scientific” socialists talked much (and still talk much) of the “evolution” of social institutions; but they refused to admit the essential condition for institutional evolution, the competitive trial on a small scale, of a new form of economic organization to prove its fitness to survive.  Indeed, it had been tried on a small scale many times, and had always failed in a brief time.

Lincoln said that a man’s legs ought to be long enough to reach to the ground; but “scientific” socialism was not built on that plan.  To be sure it contained many elements of truth, but these were so distorted that the result was a caricature of history, of philosophy, of economics, and of prophecy.  The most important influence of radical socialism has been exerted through negative criticism.  It has performed the function of a party in opposition, relentlessly hunting out and pointing out the defects of existing institutions, arousing the smugly contented, and, by its very recklessness and bitterness, inspiring at times a wholesome fear of more revolutionary evils.  This has been a real service to the cause of moderate and constructive reform.

Sec. 20. #Revisionism and opportunism in the socialist party#.  Most men have always agreed in an adverse judgment of the claims of “scientific” socialism.  The criticisms have been admitted in part even by the intellectual leaders among the Social-democrats.  They lost some of their fantastic illusions, they tempered some of their exaggerated claims of oracular inspiration.  “Revisionism,” the socialist higher criticism, became influential in the party. 

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Modern Economic Problems from Project Gutenberg. Public domain.