This lengthy political essay by noted Canadian humourist Stephen Leacock was written while he was professor of political economy at McGill University. He argues for a middle ground between capitalism and pure socialism. Listeners in the early 21st century may find this 90-year old essay oddly topical.

Stephen P. H. Butler Leacock, FRSC (30 December 1869 – 28 March 1944) was a Canadian teacher, political scientist, writer, and humorist. Between the years 1915 and 1925, he was the best-known English-speaking humorist in the world. He is known for his light humour along with criticisms of people's follies. The Stephen Leacock Memorial Medal for Humour was named in his honour.

Stephen Leacock (1869 - 1944)