Socialism, on the contrary, extends its function to the description of society as it should be, and the discovery of the means of making it what it should be.

The moment that justice must be paid for by the victim of injustice it becomes itself injustice.

Monopoly and privilege must be destroyed, opportunity afforded, and competition encouraged. This is Liberty's work, and Down with Authority her war-cry.

Marx, as we have seen, solved it by declaring capital to be a different thing from product, and maintaining that it belonged to society and should be seized by society and employed for the benefit of all alike.

The Anarchists answer that the abolition of the State will leave in existence a defensive association, resting no longer on a compulsory but on a voluntary basis, which will restrain invaders by any means that may prove necessary.

The student of Liberty must constantly endeavor to disassociate his imagination from sanguinary dramas of assassination and revolt.

The two principles referred to are Authority and Liberty, and the names of the two schools of Socialistic thought which fully and unreservedly represent one or the other of them are, respectively, State Socialism and Anarchism.