This is not the place to discuss the possibilities of Guild Socialism. After all it is but a form of Socialism, and a first principle of Fabianism has always been free thought. The leading Guild Socialists resigned from the Society: they were not expelled: they attempted to coerce the rest, but no attempt was made to coerce them. Guild Socialism as a scheme for placing production under the management of the producers seems to me to be on the wrong lines. The consumer as a citizen must necessarily decide what is to be produced for his needs. But I do not belong to the generation which will have to settle the matter. The elderly are incompetent judges of new ideas. Fabian doctrine is not stereotyped: the Society consists in the main of young people. The Essayists and their contemporaries have said their say: it remains for the younger people to accept what they choose, and to add whatever is necessary. Those who repudiated the infallibility of Marx will be the last to claim infallibility for themselves. I can only express the hope that as long as the Fabian Society lasts it will be ever open to new ideas, ever conscious that nothing is final, ever aware that the world is enormously complex, and that no single formula will summarise or circumscribe its infinite variety.[57]
The work of the Fabian Society has been not to make Socialists, but to make Socialism. I think it may be said that the dominant opinion in the Society--at any rate it is my opinion--is that great social changes can only come by consent. The Capitalist system cannot be overthrown by a revolution or by a parliamentary majority. Wage slavery will disappear, as serfdom disappeared, not indeed imperceptibly, for the world is now self-conscious, not even so gradually, for the pace of progress is faster than it was in the Middle Ages, but by a change of heart of the community, by a general recognition, already half realised, that whatever makes for the more equitable distribution of wealth is good; that whatever benefits the working class benefits the nation; that the rich exist only on sufferance, and deserve no more than painless extinction; that the capitalist is a servant of the public, and too often over-paid for the services that he renders.