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Show THE TRAGEDY OF ENGLAND Socialism is always advocated on the grounds .that it will divide the wealth, to the benefit of the underprivileged. The truth is that socialism simply extends the poverty and everyone, save for the ever-growing bureaucracy that seems an inescapable part of socialist governments, is ultimately the loser. This is a perfectly logical course. Accumulated wealth, much as the agitators denounce it, is the creator of jobs and opportunities for all. Invested savings built this country and its industries. Other nations have raw materials and natural resources comparable to ours. But only in this nation, na-tion, under a system of government which was founded on the idea of guaranteeing a man the fruits of his initiative and success, have those sources been given maximum development. de-velopment. Incentive, in other words, was responsible for the kind of progress that brought the United States from a wilderness to the world's foremost industrial power in much less than two centuries. The failure of socialism in England can be easily explained. ex-plained. The policy of the Labor government is to rigidly restrict individual economic advancement, to destroy established estab-lished wealth, and to make all productive enterprise a function func-tion of the stale. All incentive has thus been lost. The morass of red tape created by the government has made individual in-dividual initiative impossible. Every undertaking must fall within inelastic, unimaginative rules. And the result is that British industrial recovery has been disrupted. Socialism saps the vitality of peoples. It exalts mediocrity. medi-ocrity. It turns nations into poor-houses. That, in essence, is the terrible tragedy that has befallen England. |