At the Tenth Biennial Congress of the Co-operative League of the U. S. in Columbus, Ohio, last week President James P. Warbasse outlined in splendid simplicity a procedure by which "ordinary" capitalist corporations might undergo a sea change, become co-operatives in rour steps.* Said he: "By these natural steps a profit economic system can transform itself into a co-operative system without shock, or without any action of government whatever."
If gentle Dr. Warbasse had wished to enter into the complexities which would enshroud his middle way in the U. S., he might...
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