Why I am opposed to socialism

I am opposed to Socialism, first, because it is not an inductively obtained system, but an "ism" that postulates qualities in the individuality of a nation which no nation, or community even, has yet developed to a sufficiently high state to make this "ism" fit to be seriously tried.

Second: Much of what Socialism teaches will be put to the test by society anyhow, for society is based on interest, on financial considerations, and it has been found very long ago, that co-operation cheapens products, while steadying employment.

Third: As a working system Socialism is based on the limited intellectual powers of a large number of people who will not receive systematic instruction, or cannot. Any large school shows how large the proportion of children is who must eventually be, as adults, members of this number, and, by exercising their right to vote for their officers and leaders, will make a scientific and economical management exceedingly difficult, if not impossible. Tried on a limited scale it amounts only to co-operation different from Socialism.