In the third issue of The Masses, published in March 1911, the socialist magazine delves into various topics that reflect the societal changes and political climate of the time. One prominent theme is the looming threat of monopolies, as evident in Senator Cummins’ appeal for Congress to limit corporate capital to prevent unending struggles for prices and profits. This concern over monopolies echoes the Socialist philosophy, foreshadowing the imminent challenge between private monopoly and social cooperation.
Another significant topic is the transformation of the American business system, as acknowledged by the triumvirate of esteemed Eastern university presidents. They concede that competition has given way to cooperation, albeit self-serving and limited, and hint at the need for a shift towards inclusive and altruistic co-operation to address the new business landscape.
Lastly, the issue touches upon the evolving relationship between the socialist movement and the established political and social elite. The ex-President of the United States offers a suggestion for regulating monopolies, while praising the efforts of socialists in Milwaukee, indicating a growing recognition of the validity of their cause. In essence, this issue of The Masses underscores the shifting tides of American society and politics as the country grapples with the emergence of new economic systems and the role of socialism within them.