“The capitalist of our day, who is the social, economic and political successor of the feudal lord of the Middle Ages, and the patrician master of the ancient world, holds the great mass of the people in bondage, not by owning them under the law, nor by having sole proprietorship of the land, but by virtue of his ownership of industry, the tools and machinery with which work is done and wealth produced. In a word, the capitalist owns the tools and the jobs of the workers, and they are his economic dependents.”