The author applies an evolutionary view to social change, diagnosing contemporary American institutions—political parties, corporations, unions, newspapers, colleges, and churches—as shaped by industrial forces that concentrate economic sovereignty and exploit labor. He analyzes current political and economic structures, argues that political equality remains incomplete while industrial control rests with a few, and forecasts an impending crisis that will yield a democratic reorganization of production. The proposed remedy is an industrial republic in which the means of production become public property, workplaces are governed democratically, and laborers receive the full value of their output; the book maps the forces and steps leading to that transformation.