Written by "Big Bill" Haywood and Frank Bohn this pamphlet describes American Capitalism and the role of the Industrial Union in bringing about the transition to Socialism. The date of original publication is unknown but given the positive comments to the Socialist Party was probably written in the IWW's early days before its relationship with the American Socialist parties soured.
Socialism is the future system of industrial society. Toward it America, Europe, Australasia, South Africa and Japan are rapidly moving. Under capitalism today the machines and other means of wealth production are privately owned. Under Socialism tomorrow they will be collectively owned. Under capitalism all popular constitutional government is merely political. Its main purpose is the protection of private property, Industry is at present governed by a few tyrants. Its purpose is to take from the workers as much wealth as possible. Under Socialism industrial government as well as political government will be democratic. Its purpose will be to manage production and to establish and conduct the great social institutions required by civilized humanity. Political government will then, of course, have ceased to exist.
This booklet is primarily an introduction to the study of Socialism. Its title has been chosen advisedly. But the authors have also in mind a second purpose. While there have been published a number of booklets with the contents of which they are in entire agreement, none has yet appeared in English which attempts to cover the whole matter of Socialist principles and tactics from the industrial standpoint. The point of view of industrial unionism is to them the most essential factor in the study of Socialism. Without that the whole literature of economics, politics and history is entirely worthless to the working class. With it the Socialist education of the workers begins. The authors are constantly presenting this point of view from the rostrum. This booklet makes it accessible to all those who wish to understand it.