In which the author meticulously examines the manifold inefficiencies and losses wrought by competitive capitalism—war, strikes, bankruptcy, insurance, advertising, crime, and environmental degradation—revealing how these detract from the true productive power of society. Then follows a thoughtful exploration of the diverse models of managing industry—Socialism, Syndicalism, Communism, and Anarchism—each depicted with a subtle balance of idealism and pragmatic complexity, as they consider ways to harmonise individual effort with collective good.