ty of the country
and provide work for millions of people. Here, then, the Jews and the
Socialists seem to find a point of agreement. It is evident, at any
rate, that many rich Jews consider that they have nothing to fear from
the threatened Capital Levy and other features of expropriation. Are we
not irresistibly reminded of the passage in the Protocols--where
incidentally the Capital Levy is specifically mentioned--"Ours they will
not touch, because the moment of attack will be known to us and we shall
take measures to protect our own"?

But let us consider further how the Socialist plan for "the
nationalization of all the means of production, distribution, and
exchange" might be reconciled even with the interests of Jewish
Industrial Capitalists. The more we examine this magic formula which is
to transform the world into a Paradise for the workers, the more we
shall see that it approximates to the system of Super Capitalism, of
which, as Werner Sombart has shown, the Jews were the principal
inaugurators. Socialists are fond of explaining that "Capitalism" began
with the introduction of steam; in reality, of course, Capitalism, in
the sense of wealth accumulated in private hands, has always existed
since the first savage made his store of winter food. What Socialists
really mean by Capitalism is the modern system of Industrialism, which
tends to concentrate all the means of production and distribution in the
hands of individuals or groups, who, if they happen to be unscrupulous,
are able by systematic sweating of the worker and bleeding of the
consumer to conduct operations on so large a scale as to crush all
competition by the home worker or the small tradesman.

Obviously, however, with the growing demand of the workers for better
conditions of life and the increasing support lent to them by
enlightened public opinion this possibility cannot continue
indefinitely, and unless a violent convulsion takes place the time will
come when great industrial magnates will have to content themselves with
moderate profits on their outlay. Thus although at first sight it might
appear that the Super-Capitalist must desire to maintain the existing
order of things, if he is far-seeing he must realize that profiteering
under present conditions must soon cease.

It is therefore conceivable that even the Jewish Industrial Capitalist
may see in the nationalization of industry a preferable alternative to
the limitation of profits unde