r easier, certainly, than the first
hesitating steps that the race took in the direction of co-operative
activities. Even though the task were far more difficult than it is, the
race must perform it or pay an immense price in hardship, suffering and
decimation.

The work is already begun. Private capitalists have built world systems
of trade, transport and banking. Soviet Russia has made an heroic
attempt to organize one portion of the earth's surface along economic
lines. For the most part, however, the task of co-ordinating the world's
economic life awaits the courage and the genius of a generation that
shall add this triumph to the achievements of the race.

6. _Axioms of Economic Reorganization_

Certain well-defined and widely understood principles, that might almost
be called axioms of social procedure, are to be reckoned with in any
effort at world economic reorganization. For convenience of discussion,
they may be summarized thus:

1. _The wheels of industry must be kept turning smoothly, regularly
and efficiently._

A country like Russia, consisting, for the most part of agricultural
villages, can survive, even though machine industries practically cease
to function, while such countries as Germany and Britain, built of
Bremens, Hamburgs, Essens, Glasgows and Manchesters are dependent for
their food supply as well as for their supply of raw materials upon the
continued production and transport of commodities. The State of Rhode
Island, with its 97.5 per cent of city and town dwellers, typifies this
dependence. Given such concentrated populations engaged in specialized
industries, and the cessation of production means speedy starvation for
those that cannot migrate.

2. _Provision must be made for improvements and betterments._

The increase of population and the normal advances in science and
industry both demand a volume of product adequate to cover the necessary
increases in equipment.

3. _The people who do the work must dispose of the products they turn
out._

They may consume them all, or they may reserve a portion of them for new
roads, for additional rolling stock, for the advancement of art and
learning. Whatever the character of the decision, the right and power to
make it rests with those who produce the goods of which a disposition is
being made.

4. _Justice and fair dealing must be embodied in the scheme of
production and distribution._

This does not mean a