If adequate incentives could be assured, public ownership and scientific operation of banking,sources of electric energy, basic natural resources, chief means of transportation and communication, and steel, would increase productivity enormously by national planning and correlating.

The prevailing anarchy in production could quickly be replaced by scientific utilization of national equipment if the basic industries were transferred from private to public ownership and if all other industries were subjected to drastic public regulation. And this procedure offers the only possible escape from the industrial chaos of the competitive struggle, on the one hand, and from the calamitous exploitation of the people by semi-monopolistic private industry, on the other.

In three ways unemployment would be reduced. First... by greater equalization of purchasing power and consequent stimulus in the form of effective demand. Second, by utilizing the national credit and socialized industries for the creation of new industries and the extension of existing ones. ...Social ownership and operation of the basic industries, and especially socialized banking and credit, would greatly facilitate the task of shifting the masses of unemployed into productive channels. Third, if necessary, by shortening working hours and dividing the available work among all the people.

Pacific revolution in America will not be wrought by men who are afraid of losing influence, position, and income. Building a new world is the most perilous form of pioneering, and the most glorious victories of religion have ever been won in hours of fiercest danger. And so it will be in our day.

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Prevailing customs and existing institutions are threatened by pioneers and prophets as well as by robbers and murderers, with the result that saints and sinners have often been thrust into adjoining cells. The crucifixion of Jesus between two thieves is the supreme illustration of a historic truth that nobility and depravity have often received the same punishment.

When Indian nationalists in their non-violent resistance to Britain rule permit themselves to be beaten prostrate to the ground without retaliatory acts on their part, they are exhibiting coercion and suffering in a form that is not provocative but redemptive.