After World War I the resentment of the working class against all that it had to suffer was directed more against Morgan, Wall Street and private capital than the government.
The late development of mass industrial organization in the United States has both stimulated and retarded the political development of the American working class.
The race question is subsidiary to the class question in politics, and to think of imperialism in terms of race is disastrous. But to neglect the racial factor as merely incidental is an error only less grave than to make it fundamental.
As the class struggle sharpens in the U.S. Marxism will come into its own as a great popular study.