It is said by some who disclaim any tendency to Socialism, that what they desire is not the State-ownership of the means of production, but State-regulation. Let the State, in the interests of the community, keep a firm control over the individualistic exploitation of capital, let it tax capital as far as may be desirable in the interests of the community. But beyond this, capital, as well as land, is sacred. The distinction thus assumed is not, however, valid. The very people who make this distinction are often enthusiastic advocates of an enlarged navy and a more powerful army. Yet these can only be provided by taxation, and every tax in a democratic State is a socialistic measure, and involves collective ownership of the proceeds, whether they are applied to making guns or swimming-baths. Every step in the regulation of industry assumes the rights of society over individualistic production, and is therefore socialistic. It is a question of less or more, but except along those two lines, there is no socialism at all to be reckoned with in the practical affairs of the world. That revolutionary socialism of the dogmatically systematic school of Karl Marx which desired to transfer society at a single stroke by taking over and centralizing all the means of production may now be regarded as a dream. It never at any time took root in the English-speaking lands, though it was advocated with unwearying patience by men of such force of intellect and of character as Mr. Hyndman and William Morris. Even in Germany, the land of its origin, nearly all its old irreconcilable leaders are dead, and it is now slowly but steadily losing influence, to give place to a more modern and practical socialism. As we are concerned with it to-day and in the future, Socialism is not a rigid economic theory, nor is it the creed of a narrow sect. In its wide sense it is a name that covers all the activities--first instinctive, then organized--which arise out of the fundamental fact that man is a social animal. In its more precise sense it indicates the various orderly measures that are taken by groups of individuals--whether States or municipalities--to provide collectively for the definite needs of the individuals composing the group. So much for Socialism.