We may confidently assert that as large industries approach to the stage of absorption into monopolies of federated groups of wealthy capitalists, the more general and widespread grows dissatisfaction and resentment on the part of the dispossessed smaller capitalists who have been beaten out of the field. Now, the trend of movement to-day, through the whole fields of production and distribution, is from business on a small scale to business on a large scale, and the formation of limited companies, rings, trusts, etc. By purchasing raw material in greater quantities an immense saving is effected, and the same occurs in the advertising of goods and in organizing numerous workers instead of a few. These savings make it possible to lower the price of the finished commodity to the public. Hence the change from smaller to larger commercial enterprises is favourable to public interests up to a certain point. But the moment monopoly point is reached, the position straightway becomes reversed. Henceforward the public have no protection from a sudden raising of prices, for, the competitive check having been withdrawn, monopolists dominate their respective fields of production and distribution, and the individually selfish forces alone hold sway. This tendency, then, to larger and larger industrial organization, with its wasteful warfare and other attendant evils, implies a certain advance. It indicates competition working out to its last expression and final breakdown. It points to the supersession of the individualistic industrial system by a collectivist industrial system requiring democratic state-ownership of land and the means of production and distribution of all commodities. In process of civilizing man has made himself acquainted with many laws of nature, and has learnt so to handle matter as to direct its forces into channels carrying benefit to himself. He has thus become the controller of natural forces in as far as they lie within reach of his mental comprehension and physical activities. It is by this method, and no other, that our advance along the line of material civilization has been accomplished, and all further extension of the comforts and amenities of economic and social life is certain to be obtained through persistence in this available and satisfactory course.