Lassalle held that the customary standard of living and the operation of the law generally were subject to variation. Still it may reasonably be maintained that he has not sufficiently considered the fact that, like capital, the Iron Law of Wages is an historical category. He has not overlooked the fact, and could hardly do so, as the Iron Law is an implicate and result of the domination of capital. But his method of exposition is too much the controversial one, of pressing it as an _argumentum ad hominem_ against his opponents in Germany, and, as usual, in controversy truth is liable to suffer. It may therefore be argued that under the competitive system as now existing, changes have occurred which render Lassalle’s theory of the Iron Law inaccurate and untenable. Even while the present system continues to prevail, the law may undergo very extensive modification through the progress of education and organisation among the workmen, and through the general advance of society in morality and enlightenment. The question of modification of the Iron Law is one of degree, and it may fairly be contended by critics of Lassalle that he has not recognised it to a sufficient degree. On the other hand, it may also be rationally maintained that in so far as education and organisation prevail among the workmen, in so far does capitalism, with all its conditions and implicates, tend to be superseded. Trade Unions, Co-operative Societies, Factory Legislation, are all forms of the social control of economic processes, inconsistent with competitive economics. The more they gain ground, the more does capitalism tend to break up and disappear. From this higher point of view, we may fairly contend that considerations which have been urged as destructive of Lassalle’s argument are really symptoms of the decline of capitalism. The Iron Law is an inevitable result of the historical conditions contemplated by Lassalle. These conditions have changed, but the change means that capitalism is passing away. We are thus thrown back on the wider question, whether capitalism is disappearing, a question which it would at present be premature to discuss.