ic
body, threaten its very life.

The tenets upon which capitalism is founded have already been abandoned
in part by their sponsors as unworkable. But at best they represent a
standard of social morality that is essentially destructive of social
well-being.

The human race has no guarantee of the success of any experiment, and
recent experiences with the war, and with the present post-war plight of
Europe suggest that the capitalist experiment will fail disastrously
unless some extraordinarily successful efforts are made to put things to
rights.

Society experiments, trying first one means of advancement and then
another. A certain number of these new ventures, which prove to be of
social advantage, are adopted and incorporated into the social
structure. The vast majority are rejected as inadequate to meet the
social need. Capitalism is apparently in this latter class.

3. _The Cost of Experience_

Experiment is the necessary road to new experience, and the cost of
experiment is written in the immense wastes that it involves. Experience
gained through experiment is sometimes very costly. It is never cheap.

Frequently these costs, measured in terms of misery, are so great as to
overbalance the advantages gained through the experiment. If, therefore,
there were another way to gain knowledge except through the processes of
experiment, it would result in an immense saving for mankind.

4. _Education_

There is a way, other than experiment, in which knowledge may be gained.
Instead of relying on experiment (direct experience) for the spreading
of knowledge, it is possible to utilize the indirect channel called
education. If this method is followed, and the results of the race
experiment and experience are made available to the young of each
generation, the need for experiment will be limited to a narrow field,
since most of the necessary knowledge will be communicated through
education.

The individual need not repeat all of the experiments of his ancestors
with animal breeding, harvesting, weaving, smelting, writing,
house-building, etc. One by one these arts and crafts were built
up--each generation adding its quota to the total of knowledge. These
results of past experience, which were first passed from hand to hand,
then from mouth to mouth, and finally written down, and which have been
handed from generation to generation through the processes of education,
are among the most important of all soci