In a word, all these experiments up and down Europe during our generation, municipal and national, have resulted in an indebtedness to capital increasing rather more than twice, but not three times, as fast as the rate of repayment. The interest which capital demands with a complete indifference as to whether the loan is productive or non-productive amounts to rather more than 1 1/2 per cent. _excess_ over the produce of the various experiments, even though we count in the most lucrative and successful of these, such as the state railways of many countries, and the thoroughly successful municipal enterprises of many modern towns. Capitalism has seen to it that it shall be a winner and not a loser by this form of sham Socialism, as by every other. And the same forces which in practice forbid confiscation see to it that the attempt to mask confiscation by purchase shall not only fail, but shall turn against those who have not had the courage to make a frontal attack upon privilege. * * * * * With these concrete examples showing how Collectivism, in attempting its practice, does but confirm the Capitalist position, and showing how our laws have already begun to impose a Servile Status upon the Proletariat, I end the argumentative thesis of this book. I believe I have proved my case. The future of industrial society, and in particular of English society, left to its own direction, is a future in which subsistence and security shall be guaranteed for the Proletariat, but shall be guaranteed at the expense of the old political freedom and by the establishment of that Proletariat in a status really, though not nominally, servile. At the same time, the Owners will be guaranteed in their profits, the whole machinery of production in the smoothness of its working, and that stability which has been lost under the Capitalist phase of society will be found once more. The internal strains which have threatened society during its Capitalist phase will be relaxed and eliminated, and the community will settle down upon that Servile basis which was its foundation before the advent of the Christian faith, from which that faith slowly weaned it, and to which in the decay of that faith it naturally returns. Conclusion It is possible to portray a great social movement of the past with accuracy and in detail if one can spare to the task the time necessary for research and further bring to it a certain power of co-ordination by which a great mass of detail can be integrated and made one whole. Such a task is rarely accomplished, but it does not exceed the powers of history. With regard to the future it is otherwise. No one can say even in its largest aspect or upon its chief structural line what that future will be. He can only present the main tendencies of his time: he can only determine the equation of the curve and presume that that equation will apply more or less to its next developments.