An Australian man, tired of the constant warring on earth which is caused largely by capitalism, flees to Honolulu where he joins a secret commune and finds out about the 'wonderful submarine', created by a native of Antwerp who had been imprisioned for an industrial strike. He goes aboard the submarine with other likeminded souls on a journey to the Antarctic, and is pursued by forces of the bourgeosie. Eventually, one of his disillusioned travelling companions activates a doomsday device, 'The Frangator', which destroys the world. Our protagonist is propelled into space, where he lands on another planet which is populated by an intelligent alien race.