Social Justice Without Socialism by John Bates Clark IT is currently reported that the late King Edward once said We are all Socialists now and if the term Socialism meant to day what His Majesty probably meant by it many of us could truthfully make a similar statement Without any doubt we could do so if we attached to the term the meaning which it had when it was first invented It came into use in the thirties of the last century and expressed a certain disappointment over the result of political reform