All Commentary
Tuesday, September 1, 1964

Socialisms Flow Chart: Revolution and Despotism

Mr. Bills is a stockbroker with Hornblower & Weeks in Los Angeles.

From the cornucopia of the welfare state to the whirlwind of revolution and despotism.

Though 1964 has shown good profits for many American com­panies, it is important in these fat months to understand that the prospect of profits inspires produc­tive employment of human and other resources; dwindling prof­its mean unemployment and eco­nomic stagnation.

The welfare state operates as a vice and a vise — that can squeeze profits. The threat of such a squeeze can be overcome only through personal understanding and practice of the virtues of freedom — personal rejection of the underlying vices of welfarism.