Declaring himself as heartily in favor of discussion on the subject of socialism, Professor A. B. Hart '80, Eton Professor of the Science of Government, disagreed with the statement of Professor O. M. W. Sprague appearing in the CRIMSON of yesterday, in which he scored as futile any discussion on socialism. Professor A. N. Holcombe '06, Professor of Government, and W. E. Hocking '01, Alford Professor of Natural Religion and Civil Polity, agreed with Professor Hart.
Professor T. N. Carver, David A. Wells Professor of Political Economy, however, sided with Professor Sprague, and characterized as "temperamental rebels" those people who advocate the establishment of a Socialistic form of government, or who contend that socialism is the goal of economic evolution.
Says Evolution is Away From Socialism
Declaring himself as unalterably opposed to the principles of socialism, and contending that we are evolving away from socialism in our economic progress, Professor Carver agreed with the statement of Professor Sprague that discussion of the subject of socialism was futile.
"I have never heard a socialist open his mouth, said Professor Carver to a CRIMSON reporter last night, "without speaking of monopoly, inherited wealth, or wealth accruing from a rise in real estate values. I have often said that I would vote the socialist ticket if they could base a logical argument on socialism without referring to these principles. When the socialist thus states his case honestly, I don't need to answer it, for its fallacies are apparent immediately.
Interest on Investments is the Question
"Any discussion of socialism always comes down to the question of interest on investments, or interest on money in the bank. If capital earns the money it receives as interest, then nobody can be a socialist, then we must all be Socialists, because the small investor receives interest from his deposit as well as the large depositor.
"Take the illustration of the socialist when he declares that it is the workers in a bakery, for instance, who deserve the credit for making the bread. That same socialist refuses to discredit his man who works in a munitions factory, which he believes is a capitalistic venture. In one case the worker receives the credit, and in another similar case the employer the discredit. This is obviously unfair.
Calls Socialists Temperamental Rebels
Professor Carver declared that advocates of socialism were "temperamental rebels", who often refused to investigate the question with the care and study which are necessary. In this respect, knowledge of economics was an absolute necessity, he said. According to Professor Carver, the following definition of socialism is the only one which will definitely divide the socialist from the non-socialist: "Socialism is the ownership and operation of all means of production by government, public, or community, whichever you prefer to call it."
Sees Socialistic Government Coming
"It is much safer to observe than predict" was the comment of Professor Holcombe when asked to express his views on the question of whether socialism was the goal of economic progress, but we seem to be moving in that direction. Three hundred years ago, it would have been regarded as the product of an extreme socialistic imagination, if one were to predict a government like the one in this country, where freedom of the will and all the other features of this democracy are enjoyed. It is natural that we will progress, and in my opinion, this progression will be towards a scientific form of government.
"During the war" said Professor Holcombe, "the Inter-Allied Maritime Transport Shipping Council of the World was formed, and managed with excellent results along socialistic principles. These men had a stronger incentive than the goal of personal profit, a stronger incentive than the idea of personal gain it was to serve their country. This incentive was productive of astonishing results, and was economical and efficient.
Says Desire for Money Must Give Way
"If it was only possible for men in times of peace to desire something strongly besides money-making, a socialistic organization might be practicable at the present time, or at least as practicable as it was six years ago. There is no doubt of the added economy, and efficiency in socialistic government rightly administered. During the war we supported an army of four million men in most cases better than they had ever been supported before. The Percentage of our idle rich can never approach that proportion.
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