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of a billion and a quarter dollars a year through adulterated foods; which means, of course, not only materials wasted that might have been useful outside of the human stomach, but doctors and nurses for people who would otherwise have been well, and undertakers for the whole human race ten or twenty years before the proper time. Then again, consider the waste of time and energy required to sell these things in a dozen stores, where one would do. There are a million or two of business firms in the country, and five or ten times as many clerks; and consider the handling and rehandling, the accounting and reaccounting, the planning and worrying, the balancing of petty profit and loss. Consider the whole machinery of the civil law made necessary by these processes; the libraries of ponderous tomes, the courts and juries to interpret them, the lawyers studying to circumvent them, the pettifogging and chicanery, the hatreds and lies! Consider the wastes incidental to the blind and haphazard production of commodities⁠—the factories closed, the workers idle, the goods spoiling in storage; consider the activities of the stock-manipulator, the paralyzing of whole industries, the overstimulation of others, for speculative purposes; the assignments and bank-failures, the crises and panics, the deserted towns and the starving populations! Consider the energies wasted in the seeking of markets, the sterile trades, such as drummer, solicitor, billposter, advertising agent. Consider the wastes incidental to the crowding into cities, made necessary by competition and by monopoly railroad-rates; consider the slums, the bad air, the disease and the waste of vital energies; consider the office-buildings, the waste of time and material in the piling of story upon story, and the burrowing underground! Then take the whole business of insurance, the enormous mass of administrative and clerical labor it involves, and all utter waste⁠—”

β€œI do not follow that,” said the editor.

β€œThe Cooperative Commonwealth is a universal automatic insurance company and savings-bank for all its members. Capital being the property of all, injury to it is shared by all and made up by all. The bank is the universal government credit-account, the ledger in which every individual’s earnings and spendings are balanced. There is also a universal government bulletin, in which are listed and precisely described everything which the commonwealth has for sale. As no one makes any profit by the sale, there is no longer any stimulus to extravagance, and no misrepresentation; no cheating, no adulteration or imitation, no bribery or β€˜grafting.β€™β€Šβ€

β€œHow is the price of an article determined?”

β€œThe price is the labor it has cost to make and deliver it, and it is determined by the first principles of arithmetic. The million workers in the nation’s wheat-fields have worked a hundred days each, and the total product of the labor is a billion bushels, so the value of a bushel of wheat is the tenth part of a farm labor-day. If we employ an arbitrary symbol, and pay, say, five dollars a day for farm-work, then the cost of a bushel of wheat is fifty cents.”

β€œYou say β€˜for farm-work,β€™β€Šβ€ said Mr. Maynard. β€œThen labor is not to be paid alike?”

β€œManifestly not, since some work is easy and some hard, and we should have millions of rural mail-carriers, and no coal-miners. Of course the wages may be left the same, and the hours varied; one or the other will have to be varied continually, according as a greater or less number of workers is needed in any particular industry. That is precisely what is done at present, except that the transfer of the workers is accomplished blindly and imperfectly, by rumors and advertisements, instead of instantly and completely, by a universal government bulletin.”

β€œHow about those occupations in which time is difficult to calculate? What is the labor cost of a book?”

β€œObviously it is the labor cost of the paper, printing, and binding of it⁠—about a fifth of its present cost.”

β€œAnd the author?”

β€œI have already said that the state could not control intellectual production. The state might say that it had taken a year to write the book, and the author might say it had taken thirty. Goethe said that every bon mot of his had cost a purse of gold. What I outline here is a national, or rather international, system for the providing of the material needs of men. Since a man has intellectual needs also, he will work longer, earn more, and provide for them to his own taste and in his own way. I live on the same earth as the majority, I wear the same kind of shoes and sleep in the same kind of bed; but I do not think the same kind of thoughts, and I do not wish to pay for such thinkers as the majority selects. I wish such things to be left to free effort, as at present. If people want to listen to a certain preacher, they get together and contribute what they please, and pay for a church and support the preacher, and then listen to him; I, who do not want to listen to him, stay away, and it costs me nothing. In the same way there are magazines about Egyptian coins, and Catholic saints, and flying machines, and athletic records, and I know nothing about any of them. On the other hand, if wage-slavery were abolished, and I could earn some spare money without paying tribute to an exploiting capitalist, then there would be a magazine for the purpose of interpreting and popularizing the gospel of Friedrich Nietzsche, the prophet of Evolution, and also of Horace Fletcher, the inventor of the noble science of clean eating; and incidentally, perhaps, for the discouraging of long skirts, and the scientific breeding of men and women, and the establishing of divorce by mutual consent.”

Dr. Schliemann paused for a moment. β€œThat was a lecture,” he said with a laugh, β€œand yet I am only begun!”

β€œWhat else is there?” asked Maynard.

β€œI have pointed out some of the negative wastes of competition,” answered the

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