The New Democracy An Essay On Certain Political And Economic Tendencies in the

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It relies upon its enormous wealth, PLUTOCRACY AND EFFICIENCY 155 and its strong position in industry, politics, and the machines of public expression. It believes that it still possesses a mis- sion, and it cannot conceive of the possibility of any alter- native social organization. The plutocracy hopes, by a self- directed curbing of its own worst impulses, to live many, years in uncontested rule of the American nation. I But this very program, which is the final appeal of the plutocracy for ...the suffrages of the people, is but the dwarfed expression of the new spirit ; is but the shadow, cast before, of the coming democracy. When the plutocracy could not understand the minds or interpret the motives of the in- creasing numbers of earnest men opposed to it, it should have begun to suspect that, despite its resplendency, some- thing was already radically wrong with it. The plutocracy, which denies the possibility of a democratic revolt, is making such a revolt inevitable. It is furnishing a common point of attack to diverse assailants.

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