To begin with, let us make two very optimistic assumptions--first, that technical progress in Germany shall have developed to a point at which we are no longer impossibly outclassed and distanced by foreign nations, and, secondly, that by a timely and far-reaching reform of education and culture (the lowest cost of which must be set down at about three milliards of marks) the complete breakdown of civilisation may be averted. This reform is one which must be taken in hand very early, for _after_ the event its adoption is improbable. A third, less optimistic but on that account more probable assumption may be added to this--namely, that the Western countries shall have progressed towards Socialism more steadily and therefore more slowly, and that at the period of our comparison America shall find itself at the stage of State-Socialism, not of full socialization. We know that in making this assumption we are smoothing the way for attack to our professional opponents, uncritical and self-interested, who with one blast of the fanfare of world-revolution can scatter our further observations to the winds. Full Socialism is characterized, as we have seen, by the abolition of all incomes that are not worked for, and the fact that there are no more rich. But this criterion must be limited in its application, for it can never be fully realized. According to the theory and the laws every one must hold some appointment and be paid for his work, or for not working. What he is paid, however, he can at will utilize, or waste, or hoard up, or give, or gamble away, or destroy. He cannot invest it, or get interest on it or turn into capital, because these private undertakings or means of production will no longer exist. Now each of these assumptions is so shaky that not only must trifling divergences and shortcomings be winked at, but the meshes of the system are so wide that only a rough approximation to the ideal is possible.