"I have never been converted from Socialism. But careful observation of the facts of for the last twelve years or so has convinced me that Socialism will not work, and a study of Mr. Ford's methods has provided what seems to me as good a substitute as we may hope in this imperfect world. Socialism as I knew it in past years was an excellent, almost a perfect, theory... But I have had to take towards Socialism the same regretful attitude which so many earnest Christians have had to adopt towards Christianity. The golden rule will not work in international politics, because the nations are not good enough to live up to it. Real Socialism strongly resembles real Christianity. It is a counsel of perfection and cannot be adopted and adhered to by our imperfect humanity. There is nothing the matter with Socialism, but the people are neither wise enough nor good enough to make it a success. Socialism implies the self-abnegation of the individual for the good of the community."