I have been accustomed to portray the profit system under the simile of an iron ring riveted about the body of a baby. That ring would cause the baby some discomfort at the beginning, but it would not be serious, and the baby would get used to it. But as the baby grew the trouble caused by the ring would increase, and finally there would come a time when the baby would be suffering from a whole complication of troubles, and for each of these troubles there would be but one remedy--break the ring. Does the baby cry all the time? Break the ring! Is its digestion defective? Break the ring! Is it threatened with convulsions or with blood poisoning? Break the ring! Here is our industrial society, growing at a rate never equalled by any human baby; and here is this iron ring riveted about its middle. Here is poverty, here is unemployment, here is graft, here is crime, here is war and plague and famine; and for all these evils there is but one cause, and but one remedy. Break the ring! Set production free from the strangulation of the profit system. I will admit that there may have been a time in the history of the social infant when this ring was necessary. I admit that if the great industrial machine was to be constructed, it was necessary that the mass of the people should consume only part of what they produced, and should allow the balance to be reinvested as capital. But now it has been done, and the process is complete. We have a machine capable of producing many times more than we can consume; shall we still go on building that machine? Shall we go on starving ourselves, to save the money, to multiply over and over again the products, in order that we may be thrown out of work, and be starved even more completely? A few generations ago we had in colonial America a society that in part at least was "free." In that society everybody got the necessities of life. They did not have the modern Sunday supplement and the moving picture show, but they had bread and meat and good substantial clothing, and furniture so well made that we still preserve it. The children in those days grew up to be strong and sturdy men and women, who would have seen nothing to envy in the bodies or minds of the slum population of New York and Chicago. In short, they had all the true necessities of life; and yet their work was done by hand, the power process was unknown and undreamed of.