Evening star., 1934-10-06
Reasons Given Why Socialism Will
Succeed Capitalism in America

to the detriment of the remainder of
the people
Under the present system, when
ever any particular benefit is to be
gained at the expense of the people in
general, capitalist law and procedure
dictate that the corporation suddenly
assume the status of real person, for
the particular purpose of cleaning
up financially. thus getting additional
rights which the average individual
could not hope to obtain under capi-
taliSm.
Private operation of business is not
opposed by Socialists except in certain
definite natural monopolies which are
admitted by capitalist law TO- be vest
ed with public interest" What are
these corporations? First. the money
system, which must be nationalized
and socialiZed; second, all public util-
tiles, municipal, State and Federal:
the munitions industry and probably
the mining and steel industries, which
would be necessary under social own
ership, and control of the railroads
and other lines of public transporta-
ton. Socialists would leave untouched
all other business not affected with
public interest, such as wholesale and
retail stores, manufacturing plants,
accessory machine shops, newspapers
and printing plants, moving pictures,
radios, insurance, building and loan
associations, real estate and advertis-
ing agencies, etc. So that even though
Congress adopts the complete Socialist
party program, there would be much
more opportunity for the masses of
the people than ever existed under
capitalism at the height of its pros
perity. This is because the private
pi operty in the monopolies would be
eliminated. but the benefits from that
socialized property would be extended
to all of the citizens, regardless Of
race, color and previous condition of
servitude." Socialism is much more
democratic than is capitalism. Capt.
talism will be less and less democratic
as time goes on, provided it does not
completely collapse in the holocaust
of world war, which is always pending
under either the capitalist or feudal
systems.
So that under Socialism as defined
by the Socialist party of the United
States and the social democracieS OF
Europe, such as the Scandinavian ma
tions, there would be ample oppor-
tunity afforded to any one who wanted
to work in privately-owned industries
and to pile up profits for their en-
ployers COR deficits, as is now often
the case), rather than work for the
Federal, State or municipal govern
mentS.
Mr.. Wilson exaggerates in his own
mind the actual number of persons
who actually own stocks and bonds OF
value in the United States. There
are only q few paltry million of them,
probably less than 100000 all told
at this time. There were never over
IL 900 900 at the most. Some million
or two persons probably own stocks in
from 2 to so different firms and cor
porations, thus counting as that many
more persons in the aggregate num-
ber. There are many Implications.
The writer knows some persons who
have investments in at least a dozen
corporations. Yet each individual in
vestment Is counted under capitalist
figures as representing different and
additional person, which is not in
accord with the facts. So that some
thing like 115,0O0,000 persons in the
United States don't care a whoop
whether any more dividends and spe-
cial dividends and stock bonuses are
ever issued or not. They have moth
ing at stake. Most of them have had
their real and personal property con-
fiScated, or were never allowed to earn
enough to have any property in the
first place. 8. r. RANDEIL.