OCR Text |
Show Socialism's Worst Blow One of the most remarkable In stances in history of the abandon ment of a great belief Is presented by Premier Mussolini of Italy. Formerly a rabid Socialist, he Is now, with the responsibilities of state, so thoroughly thorough-ly converted to sound business principles prin-ciples that he speaks of the present order under "the glorious name of capitalism." Mussolini, who In many ways represents the hardest blow Socialism So-cialism has received, recently said: "It is my conviction that the state must renounce its economic functions, func-tions, especially those of monopolistic character that a government which wants quickly to uplift its own people peo-ple must give free play to private enterprise en-terprise and forego any measure of state control or state paternalism which may satisfy demagogy, but, as shown by experience, will turn out to be absolutely fatal to the Interests and economic development of a conn try. I do not believe that that com plex of forces which In Industry, agrl- culture, commerce, banking and ! transport, may be called with the glorious name of capitalism, Is about to end, as for a length of time It was thought it would by several thinkers of social extremism. One of the greatest historical experiences which has unfolded itself under our own ies has clearly demonstrated that all systems of associated economy which avoid free initiative and indi virtual Impulse, fail more or less pij eously in a short lapse of time." |