If you believe Socialism can be achieved without the opposition of the capitalist class it is a salutary experience to read "The Iron Heel". Socialists have always regarded "The Iron Heel" as an antidote to social collaborationism. The capitalist class is holding back the development of society. Jack London accused them of having failed in their stewardship of society's resources.
The fact they have exhausted their historical role does not mean (as some Socialists believed) that they would simply fade away from the stage of history. On the contrary they would use their power to protect their wealth. The twentieth century and the present one are full of examples. The Iron Heel was not written as a prophecy but as a warning. The warning has full force today.
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