In this way arose feudal Socialism; half lamentation, half lampoon; half echo of the past, half menace of the future, at times by its bitter, witty and incisive criticism, striking the bourgeoisie to the very heart’s core, but always ludicrous in its effects, through total incapacity to comprehend the march of modern history.

The aristocracy, in order to rally the people to them, waved the proletarian alms-bag in front for a banner. But the people, so often as it joined them, saw on their hindquarters the old feudal coats of arms and deserted with loud and irreverent laughter.

One section of the French Legitimists, and “Young England,” exhibited this spectacle.

In pointing out that their mode of exploitation was different from that of the bourgeoisie, the feudalists forget that they exploited under circumstances and conditions that were quite different and that are now antiquated. In showing that under their rule the modern proletariat never existed they forget that the modern bourgeoisie is the necessary offspring of their own form of society.