xt7wwp9t2q46_47 https://exploreuk.uky.edu/dips/xt7wwp9t2q46/data/mets.xml https://exploreuk.uky.edu/dips/xt7wwp9t2q46/data/59m61.dao.xml American Liberty League 37 linear feet archival material English University of Kentucky This digital resource may be freely searched and displayed.  Permission must be received for subsequent distribution in print or electronically.  Physical rights are retained by the owning repository.  Copyright is retained in accordance with U. S. copyright laws.  For information about permissions to reproduce or publish, contact the Special Collections Research Center. Jouett Shouse Collection (American Liberty League Pamphlets), No. 50 "Fabian Socialism in the New Deal" Speech of Demarest Lloyd, July 9, 1935 text No. 50 "Fabian Socialism in the New Deal" Speech of Demarest Lloyd, July 9, 1935 2013 https://exploreuk.uky.edu/dips/xt7wwp9t2q46/data/59m61/59m61_50/Am_Lib_Lg_50_001/Am_Lib_Lg_50_001.pdf section false xt7wwp9t2q46_47 xt7wwp9t2q46 Pamphlets Ava1lable * *
ir
Copies of the following pamphlets and · • •
other League literature may be obtained    
upon application to the League’s national •
headquarters:    
Statement of Principles and Purposes ·
Americ Liberty League—Its Platform  
An Anzilgisis of the President’s Budget Message   n 
Analysis of the $4,880,000,000 Emergency Relief
Appropriation Act
Economic Security
» The Bonus
Inflation * * *
The Thirty Hour Week
The Pending Banking Bill
The Holding Company Bill —
“What is the Constitution Between Friends?”-——
Speech by Iames M. Beck y Spggch gf
Where Are We Going?——Speech by James W.
Wadsworth DEMAREST LLOYD I
Price Control
¥§st¢;;rd§y, goilay an%3Tpmorrow Member Advisory Council of the
a or e at1ons 1 . .
Goiiernment by Experiment—Speech by Dr. American Llbcrty League
HNeil Carotherslxg h A F 1 in R
ow Inflation ects t e verage ami y— · ·
Speech by Dr. Ray Bert Westerfield Round T?I’I° Discussion of
The AAA Amendments "The Constitution and the New Deal"
Pogggrigl Bank1ng——Speech by Dr. Walter E. Institute of Public Affairs
The Bituminous Coal Bill University of Virginia
Regimenting the Farmers——Speech by Dr. G. W. ~
Dyer July 9, 1935
Extension of the NRA
Human Rights and the Constitution—Speech ,
by R. E. Desvernine * _
The Farmers’ Home Bill
The TVA Amendments
» The New Deal, Its Unsound Theories and
grgeconcilable Policies—Speech by Ralph M. .
aw
Is the Constitution for Sale?—Speech by Capt. V `N€RlQ
William H. Stayton i y y- _   44,
How to Meet the Issue——Speech by William E. °""i` I
Borah E   4,,,
The Supreme Court and the New Deal gp   Q
The Duty of the Church to the Social Order—— *°,? V0
Speech by S. Wells Utley r Y LR
An Open Letter to the President—By Dr. Neil
Carothers
The Revised AAA Amendments
The Return to Democracy—Speech by Jouett
Shouse
The President’s Tax Program
The American Bar——The Trustee of American
y II1StIIuIIOHS—Sp€€C,¥}y Alb8T$ C. Ritchie      
National Headquarters
AMERICAN LIBERTY LEAGUE NATIONAL mmss BUILDING
· NATIONAL PRESS BUILDING WASHINGTON, D_ C_
I WASHINGTON, D. C.
ir ir
Document No. 50

 NOW to rclicvc any Possible misapprchcm sion originate? With Mr. Roosevelt? Oh, no!
sions the foregoing may have aroused, let me Y°u ttmtmtttt thc wlcalled Pmgmssivct but
assure you at Once that I am not going to Say largely Socialist Party of the late Senator La-
anything about deep P1 cts engineered from Follette in 1924? After the convention had
abroad for revolution by force, accompanied by “dJ°“m"’d· A' A' Btt{t» ·lr" Ftjgtdttttk C' H°w$
such strategic strokes as the setting of incen· and Othcrs D°W Pmmmem as pmm Trustcrst
diary iires and the simultaneous paralysis of scm fl t°1°_gmm °f °°ngmtulau°¤S 650 thc scm
water supplies, electric light, gas and telephone atm m Wlilch appearcd the Phmsct W6 ljfllcvc
systems, although I have reason to believe there that thc umc has °°m° ff); a New DML
is noteworthy evidence that such oiooo exist. 1 HW do I_kt}¤w tu tt¤t_· _Bttt¤tt fmt vtttt
shall deal as exclusively as possible with my _ I will a S<>·=t¤1;tt bY °°nV1cu°H’ mysclft and a
topic, Fabian Socialism, and not mention Com- Fablan at than y
munism and Communists, except as they are  
llllégllil up Sash. Fgblglllslnl 9 Them am vm_i_ WHY did I change my views? If I wantei;.
ous gmjmlg ;udlldcg_cl;;nf;llé0cia1iSm of which p to take the audience’s time with personal  
Red Revolutionary Communism is the most ex- lllly] l clllllil llllllllllllll glvll ll ’°PlY wlllcll would  
treme Fabiauism is the mildcst but most by interesting and instructive, but the whole
° _ situation might be covered by the apt truism
Sllllllll lllll lllllllvll l0lllll° Tllcy alll llowcvcll that “he who is not a Socialist sometim before
are to all intents and purposes, from the Amer- twcm lfivc is hard in the heart and hc h _S
ican point of view, “the same kettle of fish,” in one aliltcr thirty-five is Soft in ghc heal; Y 0 l
llgaa, lllcy ill hsllallchlhcf commog. Olllgcllllc ill The idealistic phases of Socialistic philosophy
a ° mon 9 l C mg l 0 Owllclll 1P 0 pllllla C are very intriguing, especially to the inexperi-
P*°P‘°·""Y lll excels Ol Pllllllly pllllsolllll llllllgs enced. I did not, I am now glad to say become
(Sllcll as Small ll0llSllS’ ll0gS’ maybe ll Small call a member of the Socialist Part When I came
(lll lllcyclll’ cl0lllllS’ lllc`) allll the allolllloll Ol in contact with the ross matldrialism and the A
lllc lllglll lo conduct plllvalc enterprise wld seething hatred whiih are the predominant
EEE; ;c1;;‘;“;;tS;‘£""U0;€f;;;nt“?;;‘St;*;S notes in Socialist thinking and talking, I was
h t can it Evans not gnl in thi; definitely repelled. Nevertheless, still believing
Ol-   ll cvcll you _ ’ g Y in the ideals, I found myself quite intellectually
pollllclll lclllC’ lllll lll llvlllly pllalll Ol lllll CC0- content in the Fabian Club of Boston of which
llollllc Sclllll _ h _ h, ,1 I was an active member and for some time,
Tl? C°mm“T"“ wants t° us ‘;" m t IS ml ' ttooontot. This Boston organization took its
ttttttm by mtttt std ttttttdtttt Btttdt oomo ooo inspiration from tho ootthoowo
Revolution. The ordinary Socialist wants to do Fabian Socict of EH land of which I Shall
1 it by political action, frankly in the name of have more to gay furthir alan in m remarks
W S°°lallSm’ but tht Ftttt¤~ wll°’ S0 fat as Poll Later I was even more actige as stilcreta of
sible, studiously avoids mention of Socialism, the Hagvard (graduates) Liberal Club. zhis
waflts to do It by pr°Pagan_da and Pdmcal was a small but very alert, astute and effective
aclmn m tht nafjm Of Somelhmg °1t°,j’*“%t¤Flt organization, which, despite its disarming name,
r _t·>¤t{·t» juttttttt Bttttt Sttttt Otdttt _S¤<=tt·t tooonooo.1 in tho rohtoo way, which 1 will also I
J¤¤tt<=<=» ¤t Phttttt tt·==t>· "I¤d¤tt¤¤1 Dt- elaborate ooooo tony before 1 got through. h
m0€1`¤?Y¤l;’°lBY0lh€Yh00d of Mtmell “M°m ébum It would be inspiring, indeed, to live in a
dttttt Ltfeo ¤¤d—bY J OVC, I ==t1m¤¤t_f¤rs¤t— New civilization where all worked unselHshly for the
Dcalnl Ando by the WaY» Whew dtd that €XP1`€S' common good and shared the benefits of this W
4 s 1

 collective effort. And would it not be marvelous llul ll ie mY guess that we ere llol golllg te site
to have a government which administered the uP Polllleel llllllvllluallsms so we llell llellel`
nation’s wealth, tangible and intangible—lands, sllok te oul` eoollolllle lllslllullolls·
forests, mines, water powers, transportation— You ele uP egalllsl llulllell llolul`e_llulllullllY•
benignly for the bem=t of al]? Such a stats of if you like—but in the realistic sense and not in
aiiairs, however, inexorably requires some very llle selllllllelllol sellse lll wllloll llle Wold ie
large conditions precedent—a population of ueueiiy elllPloYe*l- Exoelll in llllles ef greet
virtual angels and a government composed of lellglous ol` Pelllolle exellellollv peeple lll llle
Superman, all wisc, impartial, cliicicnta un_ mass are selfish in their personal attitudes and
deviatingly conscientious in the national inter- ePalllello lll lllose Pellellllllg te llellouel wel'
ests, and last but not least, courageous, especially lel`e· (Nollllllg sllol`l ef oolllPulsloll¤ lllel’elol'e¤
in thc disciplining oi thc masscs and the tlc_ · can convert them into active Utopians.) Thus
rianccs it necessary, of popular clamor_ As to it is a case of Utopian theories vs. human real-
tlic population, such People in the mass do not ities, and in a time of intense stress it is not safe
exist, and as to the govcrnmcnts a lricnd of minc i to ignore realities. Socialism as a bundle of
quitc aptly rcmarkctl to mc in my Socialist days, theories designed to give expression to mass
~·Your itlcals are inspiring, lout whcrc in time altruism which is non-existent. Capitalism is a
are you going to get your public oi¥icials?” The system worked out by long human experience
qucstion iioorctl mc_ for the expression of human nature as it is. It
t seems imperative to recognize this fact and re-
_ _ _ tain in its main features, althou h with erha s
WITH the titeet Pevttiletteit eee ttle teeet eee- substantial modifications, a sygem whilch cfu
;rum{ml_:1n eet ee we das °lm—`l 6 argument honestly and eifectivcly be applied by the
torp anne economy an brotherly wealth shar- human matarial at hand.
mg 1S powerful, but with our polyglot and emo-
tional population and our rotten politics, to t _ _ _
attornpt such a thina at this stago would ha inst FOR that reason this wave of subvers1ve agita-
silly_ Go to a National Convantion of sithai, tion and political action with which we are now
of the major parties and then imagine what et glllps ie ll lll°sl llswllllsllllg llllxlllls el g°°'l
would happen to the nationls economic re-, slltl °lfll° subtle appeal te llllllls l° llls lllllsl
sources if they all were at the mercy of deals °°lllsgl_°lls sllll llscklsss _°lll°ll°lls sllll s'lllll'
put across among tharnsalvas hy thosa Politi_ mentalities, and back of It all, upon examina-
cians_ tion, stands revealed a startling purpose, the
My father was a journalist, author, economist, sel'sPPi!1g of the American plolitical and indus-
and philosonhon Cominontina on tho politics trial systems and the substitution of a thor-
of the two major parties in the gay nineties, he llllgllly sllsll °l"l°l" _
wrote: “It is a case of the public being crucified lll °l`°l°l` l° llllllslslsllll lust wllsl ws ere up
hotwoon two thiavss who nnlika thosa in tha against, let us take a look at what our revolu-
Naw Tostamont, ara not oi,uoiliad_» tionary enthusiasts iurtively refer to as “the
Plannosl ooonomy for ns now is Putting tha technique of revolut1on.” Now it is one ofsthe
oart hoioro the hoi,so_ Wa should first parfaas outstanding facts of history that as a rule It is
our aocornmont in both farm and parsannals not the Reds who start a revolut1on. They make
You CANNOT HAVE ECONOMIC coLLEc·r1v1sM ANI: ll let lll ll°ls°t lllll slsllll eetetv lll llls l’“°l"
POLITICAL INDIVIDUALISM. Notice that wherever €l°“ll‘l lll this eetltet slsgssj   was ll°l· l°l`
in the world today there is serious dabbling in cXamPl°’ the Reds et the Mllll °l ally °lll°l`
Socialism those countries end up in dictatorship, llsllt el Fl`allCC’ who slallsll lhs lljllsllcll Rsv°lll'
either Fascist m Communist. We mlm mmm, eee- Deeette es thee ueetee tt wee eet the
6 7

 Russian Bolsheviks who overthrew the Czar. In cated just such taxes. Socialism aims to con-
each of these cases it was the idealistic aristo- fiscate all private property. ln our country
crats, the Liberals, and the mild Radicals who complete confiscation is not permitted under the
overthrew the despotism. The Reds hung back Constitution, so, as much confiscation as pos-
until strong government was broken down, and sible is sought under the graduated income and
the Liberals, who in the main are likable, well- inheritance tax system—and how well the device
meaning but gullible and impractical people, works!
were in power. Then when widespread dis-
¤1‘s@¤}i¤¤ti¤¤ P¤=V¤il<~=§*» the RCQS muck with THE Workers (Communist) Platform im- ms
decisive force. Such 1s•the techmque of•revolu- (American Labor Yam, Book, VOL X, page 159) 5
tion as against autocracies. In democratic coun- under the heading “Tm,i·0¤ and Taxationgi 1_6c0m_
tries such as ours and Great Britain, an even * mcnds in Part the following:
more masked attack must be managed. Here Abolition of all indirect taxes.
the game is by 1nd1rect means such as gieililated Exemption from all kinds of taxation for all
discriminatory and coniiscatory taxation and * wag€_caI,nc1,S_
other tactics to be indicated later, to confiscate Graduated income tax, Starting with incomes
or destroy private wealth and paralyze private about $5,000, and increasing gradually, S0 that
lndustry all incomes over $25,000 per year are confiscated.
Harold J. Laski, in answering his own ques-
GEORGE SOULE, authoritative socialist, in tion: “W`hat should be the next steps in Ameri-
his book, “The Coming Revolution," says, “The can Socialism°?”, says the Socialist sees “that the
critical periods of social revolutions, in which weapon of taxation is at his disposal for his
V shifts of power are actually registered, are, as end.” Then under the subheading “Taxation
we have seen, seldom begun by the accession to for Socialist Purposes,” appears this language:
power of conscious revolutionists. They are not “Pressure for higher taxation on large in-
accomplished by violent revolts or coups d’etat. comes is vital.”
They begin by reforms undertaken by the ruling Franz Longville, in summing up some of the
powers themselves, and by the coming to power _ accomplishments of the Socialists in the United
of moderates who often give lip service to the States, writes:
old regime. The role of the extremists is played “They have compelled all Governments to
later in the process, after the old regime has obtain an increasing amount of their total rev-
virtually given up because of incompetence, and enue from progressive income and inheritance
after the moderates in turn have provedtheir taxes.”
incapacity to secure the welfare of the people. Simultaneously it is intended by strikes, labor _ ,
When a revolutionary crisis is at white heat, a restrictions and government interference to H
small minority of determined revolutionaries make the conduct of private enterprise vir-
i can sometimes achieve the leadership of the tually, if not entirely impossible. You all re-
mobile masses, as they did in Russia in the fall member the Roman general, Fabius, who never V
of 1917, When a shift in power aotually occurs, risked battle unless he was in shape to win, but .
it is usually begun, not with the seizure of power relentlessly harassed the enemy with guerilla
by outsiders, but with reforms by iusidorm warfare at other times`? Modern revolutionaries,
These reforms are the cracks in the dam which as ¤l1`€¤dY indicated. are evidently imP1’€SSe€l by
invite the flood." , his methods for they have adopted both his
The graduated discriminatory system of taxa- strategy and name. Hence, Fabian Socialism or
tion is of alien and Socialistic origin. For dec- Fahialiisnh The creative genius of the so-called
ades the Socialist Party of America has advo- British Lah01‘ Party was that group, Bernard i
8 H 9 _ Y
) ¥

 Shawa H· G· Wells, Philip Su°wd°”• and m‘mY IT WAS the consensus of opinion of these tech-
Mhcrsi ceuiflg themselves thc Fabian S°°i°tY el nicians that until comparatively recently there
Greet BHtam• was no revolutionary progress in the United
States due to the well-being and conservatism
THERE are in addition to those mentioned, of the middle class and employed workmen,
other similar organizations in this country, and L¤l6lY, ¤6601`6 V61‘Y 6n60111‘¤glng, due to
Socialist tactics.” In these efforts, the senti· growing discontent, uncertainty and insecurity,
mentalists, Liberals, mild Radicals and wild states of mind which feed revolution-
Radicals, all, consciously or unconsciously, co- What lll6s6 Bolsheviks ll0P6¤e P0hl¥i0ia11” W}10 W01`k€d
the attacks actually made, unconstitutionally at- alohg with TammahY end did 110t P1`00€€d
ii temnted’ or deiiantlv threatened hv NRA, A A A, against that institution until his hand was
` The Banking Bil], The Contiseatorv Tax Bill, forced by “the fact that an investigation of s
The Public Utilities Holding Company Bill and - TammahY had te be uhd01`tak011·” I11 fact, M1'-
all the other brutally or insidiously destructive Reeeeveit was “a Plsasaht mam whe. W1th011t
measures ls it anv wonder that, as Lenin any important qualifications for the office, would
honed, eoniidence has heen paralyzed and the like very much to be President.” Thus spon- _
functioning of the Capitalistic System is in tahoously Wrots M1`- LiPPmam1 b0f01`0 dm `
danger of degenerating into a Mgamhle and a _ lloosievelt nonllnationi Later, when the decision
i lottervgv ` ay etween ooseve t and Hoover, Mr. Lipp-
Mia Roosevelt made a good start with the   mann, making what he must have regarded as a
hank holiday, the gesture to eut out hundreds I} sorry choice of evils, came out for Roosevelt.
, of millions of dollars of unjustihable payments r Bee uowe ovsh Mh LiPPmahh maY be s01`1'Y·
to veterans for non-service connected disabil- Howe thshe (ho eueh a mah gat elected to d10
ities, his appointment of Lew Douglas, since Preeldeeev? Ahswsri BY tho V0t0I`s 1'01Y111g s
removed, as eewatelndog of the Ti,eeSuI,y·» and upon his specific promises and those contained
his comprehensive attack on the prohibition m tho Platform upoh which he rah-
lawo All this new appears as aeye wasnt, for ·But if people like Mr. Lippmann felt as they
those who expected to see the Democratic Plat- dld m tho Winsor and sP1`ihg ef 1932= how did
12 13

 Mr. Roosevelt obtain the nomination`? Tech- within" in the organizations of the two major `
nieally. he Was nominated by a 00¤V€¤ti0¤ of parties. By concentrating. attention upon the
delegates, but it is now quite universally recog- direct primary, u device for which the demand
nized, as it was at the time by those who went originated in Socialist headquarters, they could
there as delegates or spectators, that it Was not control delegates to conventions, platforms and
a free convention. The delegates were not at candidates. Since experience has demonstrated
liberty to deliberate and choose. Had they been that only e small fraction of eligible voters go
so, they would not have nominated Mr. Roose- to the primary polls, a well-organized minority,
velt, but they were all sewed up before they got by stampeding into the primary of either Party,
there. Many persons are under the impression could in that way f‘capture,” or, in effect, steal
that the sewing up process was exclusively the the control of a Party,
work of the industrious, genial and ingenious at A, C, Tgwnlcy, who had been a Socialist or-
Mr. Farley. That is only a part, much less than ganizer, is quoted as saying that if Socialism
half of the story. In order to get the answer as could bc Sugar-coated with another name, he
to the other and major portion we must, since sf would not only make the farmers swallow the
time is limited, jump through a very significant pill but would make them pay for it.
and somewhat complicated period of modern That this method was employed with telling
history. For a more comprehensive develop- effect in 1932 primaries is obvious from the
ment of the case than we have time for here, I results. Under our scheme of politics, men are
recommend the pamphlet issued by the League not appointed to high public office except as a
For Constitutional Government, 18 East 48th reward for political favor.
Street, New York City, entitled “The System of H. E. Gaston, one-time publicity representa-
‘Stealing’ Party Nominations.” tive of the Non-Partisan League, who wrote a
book in which he several times referred to
THE s......1... p....»,t1... ..p.........i..1.......1.......1 "·tt}¤>ttttt¤e" tttt ttttrtttttttttttt Pttttr ttttt tv-
organization to bring about Socialism by polit- pmmcd as asslstaut t° Sccmtarx 0f Fhc Treas`
ical .........., 1... 1...... .....1. ... ........ 1...r..... ......y ttt>t· Htttty M¤¥e§=¤t*tt·¤· Jt·» ttttd tt tttttt t·> bt ttt
of .... ..... ...........1..... It ........ 1.... g....... ...y. tttttet tt Ptttttttttr tttt that dtvtttmttt-
where. So, for a time, the intelligentsia fringe P
of the movement, seeking to bring about the so- SENATOR Burton K. Wheeler of Montana,
H called “cooperati‘ve commonwealth” in the who has been an effective New Deal ally, was
Fabian way, were split into two camps: those Vice President on the ticket with the late Sen-
believiug in the non-partisan——A.nti-Saloon ator Robert M. LaFollette. Others, who were
League-method, and the Third Party advo- LaFollette supporters during the 1924 campaign
` cates. There was the Farmers Non·Partisan and who have been holding key positions in a E
League, and in 1924, the so-called but really p so-called Democratic administration are the fol-
Fabian Socialist Party of the late Senator l lowing: Basil M. Manley, member of the Fed-
Robert M. LaFollette, with his demands for the eral Power Commission; J. A. Franklin, Leo
government ownership of public utilities— · _ Wolman, Sidney Hillman, Rose Schneiderman,
“every one.” After the 1924 election, in which made members of Labor Advisory Board of the
the LaFollette Party made an insignificant . NRA; Fred C. Howe, special appointee in the
showing, the counsels of the advocates of the Department of Labor; Frank P. Walsh, prom-
non-partison method prevailed and since that inent in the present administration, was an
time this element has been in the saddle. Their elector for LaFollette in New York; Donald
scheme, as disclosed by their literature and the Richberg, who needs no sketch for la present-
utterances of their leaders, was to “bore from day audience; A. A. Berle, Jr.; Professor Tug-
14 15

 well, who perhaps has had more than his share similar order, you have Redistribution of
of the limelight, was a LaFollette supporter. Wealth; increase of government bureaucracy
Getting even more precisely down to cases, and serious encroachment or threatening de-
what has happened could not better be stated struction of theright of private property. You
than by Mr. Fred H. Clutton, Secretary of the have the FERA, with its billions for relief and
Chicago Board of Trade, as reported in the the President’s four billion, eight hundred and
National Grain Journal for July, 1934. To quote eighty million for public works. The FHSC
from the ]ournal’s account: and the ECW take care of the proposal for the
“Those who voted for President Roosevelt be- acquisition of land and equipment for the un-
cause they did not approve of Mr. Hoover’s employed; the NRA attempted to take care of
farm “relief” activities, and who, also, consented the six-hour day and the five-day week; and the
to the Democratic platform by conviction, be- * social security bill provides for unemployment
sides thinking it to be the lesser of- two evils, insurance, old age pensions, etc.
awaken now to find the Roosevelt administra-
tion has virtually tricked them, and substituted * SOCIALIZATION of banking is attempted in
theSoc1a11st Party platform instead.- To prove the Eccles Banking Law and M1,. Rooscvclvs —
lll11S p01I1l5, MI.,’C1utt0D 1`€8(l 'llllé SOCl2tl1Sl1 Party ccS0ak_thC_Rich’vv soShar€_thC_Wca1thv tax P1_0_
1932 Iilatfornf Let us cxammc thm Platform posals must be just what Socialists want. The
alongside major features·0f the New Dim] li>1‘0· Socjalisrie agricultural program is e0Ve1‘ed by
gram. Again, for convenience, and to save time, thc tax program, pfoccssing taxes, FERA
I Shan make us? of ¤ 1<==·¤·=*= med by the seneeie, rsnc, AAA end Amendments. ren
League for Cousumtmnal Govcrnmcnh haps most striking of all is the similarity of
H attitude between the Socialist Party Platform
n THE 1932 Socialist Party of America Plat- and that of Mr. Roosevelt and his “Brain
form proposes to transfer principal industries Trusters” regarding the Supreme Court. The
and natural resources, public utilities of the Socialists and other radicals have for decades,
country from private to public ownership; calls chafed at constitutional restraint exercised by
for a federal appropriation of five billion dol- the Supreme Court. Mr. Roosevelt and the
lars for relief and {ive billion dollars public “Brain Trusters” rendered lip service to our
works, and also for legislation providing for the complete form of government as long as they
acquisition of land and equipment for the un- had things their own way. When the Supreme
employed; the six-hour day, the {ive-day week, Court stepped in and upset the NRA applecart
public employment agencies, unemployment and some others, they showed their real atti-
insurance, old age pensions, workmen’s com- tude, which was that the Supreme Court is a
 ’ pensation, government aid to farmers and I1l1iS&I1C€· if
small home owners; socialization of credit and _ So much for the 1932 Socialist Platform and
currency, steeply increased income and inherit- l the New Deal, but one can go further and show
ance taxes; creation of federal market agency, that Karl Marx, the founder of international
acquisition by cooperative societies of grain J5 Socialism, advocated a program which is strik-
elevators, stock yards,’packing houses, etc.; en- H ingly identical with the present program of the
` couragement of farmers cooperative societies; Roosevelt New Deal, as evidenced by the list of
an amendment to make constitutional amend- measures which were urged by Marx in his
ments less cumbersome; abolition of the power “Communist Manifesto” as the preliminary
of the Supreme Court. So much for the Seeia]. steps to the proletarian revolution.
y ist Party Platform, by itself. The “Communist Manifesto” has been re-
Now, following the New Deal measures in p garded by three generations of Socialists as the
A 16 17

 handbook of the Socialist creed. It is sold every- urging the imposition of crushingly heavy
where today by the Communist and Socialist inheritance and gift taxes.
Parnu as °Hi°1a1 P{°P“g“”d°· It was wmttcn 4. Centralization of credit in the hands
by Marx and Engels 1n 1848 as a textbook of the oi the state by means of a national bank
technique of Socialist revolution. with state capital and an exclusive monop-
oly.
DESCRIBING the first. steps which must be tthgfggzgzlgia? ntgwc'o;c;;_oiS¢§;;£;;ida;Z
tk6¤ by thi! P1`016t¤1'1¤t (the P1`0Pe1`tY1eS$ Secretary Morgenthau has indicated his
workers) to gain power for their eventual rev- support of a program for a central bank.
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