The injustice in modern capitalism is often stressed in social technologic thought. Only one factor, wealth, is represented in the management of business. The skilled or unskilled laborers, often “the hardest working partners” in the business, are not represented. Applied sociology, unlike socialism, would keep industry in the hands of individuals. The idea has been best developed, perhaps, by a social theorist, Professor A. W. Small. Labor and capital must both have representation on boards of directors, if capitalism is to prove that it is not undemocratic.[XXIV-11] Tripartite management of industry is a current phase of industrial thought. Where employers and employees have reached a common ground of co-operation, they have often joined forces in collusion against the public and the consumer. The employer agrees to a rise in wages for the employee, and the employee to an increase in dividends, providing he receives a portion of the added returns--meanwhile the public is apathetic or rages impotently. The best thought today is urging that on boards of directors and managers all three interested parties shall have representation, namely, labor, capital, and the public. It is a current opinion that the failure of capitalism to democratize itself will result in the rise of socialism by revolutionary means. If capital with its one-sided control of industry is supplanted by labor with another type of control, it is doubtful how much will be gained. The labor standard is manifesting itself as a class standard, and at times arbitrarily. To have society controlled by labor standards, no matter under what form of socialism they may appear, will not guarantee progress. The labor classes, the capitalist classes, the professional classes--all must rule, and unselfishly for the welfare of society. The current socialist thought ranges from a radical bolshevist theme of a dictatorship of the proletariat to a conservative state socialism, like that advocated by John Spargo. Bolshevism has the earmarks of class autocracy. Progress cannot be secured by a social order in which the least educated and trained are in control. On the other hand, it is not clear that state socialism, with its governmental control of interest-producing capital and rent-producing land, will best guarantee progress. The socialization of individuals will probably be more effective than the socialization of industries. The tendency is toward the elimination of profitism. This negative thought, it is claimed, will relieve capitalism of its worst evils, and allow the educational process of socializing individuals to go forward.