nts soon make
opportunities unequal.

Opportunity in industrial life. Socialistic promises of equal
industrial opportunities for all. Each "to paddle his own
canoe."

These absurd promises inconsistent with the arguments of
socialists themselves.

A socialist's attempt to defend these promises by reference to
employes of the state post-office.

Equality of industrial opportunity for those who believe
themselves possessed of exceptional talent and aspire "to rise."

Opportunities for such men involve costly experiment, and are
necessarily limited.

Claimants who would waste them indefinitely more numerous than
those who could use them profitably.

Such opportunities mean the granting to one man the control of
other men by means of wage-capital.

Disastrous effects of granting such opportunities to all or even
most of those who would believe themselves entitled to them.

True remedy for the difficulties besetting the problem of
opportunity.

Ruskin on human demands. Needs and "romantic wishes." The former
not largely alterable. The latter depend mainly on education.

The problem practically soluble by a wise moral education only,
which will correlate demand and expectation with the personal
capacities of the individual.

Relative equality of opportunity, not absolute equality, the
true formula.

Equality of opportunity, though much talked about by socialists,
is essentially a formula of competition, and opposed to the
principles of socialism.

CHAPTER XVI

THE SOCIAL POLICY OF THE FUTURE

THE MORAL OF THIS BOOK

This book, though consisting of negative criticism and analysis
of facts, and not trenching on the domain of practical policy
and constructive suggestion, aims at facilitating a rational
social policy by placing in their true perspective the main
statical facts and dynamic forces of the modern economic world,
which socialism merely confuses.

In pointing out the limitations of labour as a productive
agency, and the dependence of the labourers on a class other
than their own, it does not seek to represent the aspirations of
the former to participate in