The Waterbury Democrat., 1932-09-12
Painless Capitalism
 Doomed Says Thomas
Socialist Nominee for President Sees Fascist Threat
 in Book Edited By Dr Laider

States in decency, security and comfort.
 "2. The existence of poverty and of a vast army of unemployed facing want and starvation Is due not to our lack of resources, but to our failure to inaugurate plan ned economy the primary aim of which is service to the community rather than profit for the few. "3. Under capitalism. where the essential industries of the country are privately owned, and where thousands of concerns are engaged in a mad scramble for maximum profits, social planning, on the basis Sof full use of all our re- sources for the welfare and happi- ness of the community, is impos- sible. : A. Genuine social planning is socialist in character. It, requires that the community own its prin- cipal industries and run them dem- ocratically in the interest of all. The Russian example of planning in an industrial order where tn- dustry is largely publicly owned l and where the profit motive is re-
 moved, while without the demo- l cratic feature of socialism, is, new | erthless, of great significance in
 the march toward planned econ
 ony.
 "5. To bring about socialist
 planning requires the strengthen
 ing of the organization of the l masses on the economic, coopera- | tive, educational and, above all, on
 the political field. The alternative to the speedy strengthening of
 these movements is likely to be a drift toward disaster, or a definite I move toward a modified fascism. "6. The movement toward
 peaceful revolution will definitely
 be aided by a development among
 socialists of more specific plans and
 programs for the transference of
 industry from private to public
 ownership and for the operation of a cooperative system. The ex- istence of these plans, no matter
 how tentative, increase confidence
 in the practicability of the socialist
 ideal and set concrete goal which
 men and women are likely to strive
 with vigor to attain. These plans or blue prints. however. must diff
 fer materially from those of the
 utopians of the past. They must be, based on actual trends in the I social order and on what the smasses are likely to demand when lthey consciously direct their efforts Howard security, freedom and so- be revised in accordance with l!cial justice. They must constantly Echanges in the technological and
 the physical life of the nation."
 | One appendix to the volume .Igives the complete socialist party | platform for 1892 as 1t was for
 mally adopted and without editor liaI comment. Another appendix, ] by Max Winkler of the. American 1 Council of Foreign Bondholders,
 presents "A Critique of Capitalist
 Financial Planning" ...i4, The other contributors to the 1 symposium and their subjects are: l Stuart Chase, Society Adrift; Pierce Williams, American Propos- als for Planning-A Critical Anal ysis; Eveline M. Burns, Planning and Unemployment; Clair Wilcox, l Some International Aspects of | Planning: Rexford G. Tugwell. Planning and the Profit Motive:
 Frederick W. Field, Capitalistic l Planning in the Far East; Paul EBlanshard. Planning for Service;
 Felix S. Cohen, Politics and Econ-
 omics; Morris Hillquit,, The Social
 ist Aim; Kirby Page, Socialist vs Communist Program; Louis Wald- man, Regulation vs Public Owner
 ship: Their Legal Aspects: Colston E. Warne, A Proposed Socialist
 Blueprint; Jessie w. Hughan. Some I Features of the Industrial Struc-
 ture Under oScialism; Isadore Lu-
 bin, A Plan for Coal Under Social
 ism; Vladimir D. KaZetkevitch, The | Essence of Price Control; McAlis-
 ter Coleman, Art and the Move
 ment; Robert Morss Lovett. Gull ture Under Socialism,; Andrew J. Biemiller, Democratic vs Fascist
 Forces in America; J. B. Matthews,
 Foundatoins of the Movement; Ed ward Berman. Trade Unionism and Socialism; Phillips Bradley. Poli- tics and the City; Mayor Danic! w. Hoan of Milwaukee, Socialists
 in City Government-The Milwau- kee Experiment.; B. Charney Vlad-
 eek, Building a Movement; Cole
 man E. Cheney, Educating for So-
 cialism; Clarence Senior, The Po-
 litical Party of Socialism; James
 Fl. Maurer. Capitalism a Force for
 Socialism; and Harold U. Faulkner
 The Present Political Conflict.