The New Economy

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Written in the wake of the waves of economic and social upheaval in the post Civil War period, this 1898 work, a lost classic of American Socialism, is a cry for a nationwide plan to even out the bumpy ride America had been on, and that-the author predicted accurately-it would see again. Here, LAURENCE GRONLUND (1846-1899), American lawyer, writer, and worker for the Socialist Labor Party, explains why industrial democracy,
a most noble ideal, is inevitable, and explores its many potential facets, some of which will sound familiar to readers today: . state aids to employed labor . state help to unemployed labor . municipal enterprises under state control . socialization of mines and liquor traffic . a national telegraph . national banks . national controls of fares and freight rates . and more.