The sub., 1946-02-14

nifies the freedom of our present Social Order for the investor, and minimizes It's economic insecurity for the wage earner. Enough for the slogans.
 From Mir. Eric Johnson's article that I spoke of earlier gather that he believes as most of us do, that Capitalism at it's best is not in conflict with the American Way of Life and he also believes that where adjustments are necessary, we in the good American way, can find a means of making them. What better way is there than at the conference table with All Cards on the Table face upward?
 Capitalism has nothing peculiar ly American about 1t. It developed as an accompaniment to the de- mand for greater personal freedom during the transition from chattel
 slavery, in the early days of In-
 dustrial development; but in its
 early stages 1t did not have the
 complexity of values 1t has today.
 Yet there never was a time when Capitalism did not have to be con- trolled. For instance, when Wash.
 ington's soldiers were dug in at Valley Forge, and freezing their
 feet off, a certain MT. Donny of
 Philadelphia had 360O pairs of
 shoes in his warehouse, purchased
 at $11, and he was asking an impov- erished Congress of 13 states $60
 pair. At the same time Solikof of Baltimore and Morris of Phila- delphia ran a corner in wheat
 while the fighting men at Valley Forge were suffering from malnu- triton. The danger point had been reached, SO the people in Philadel- phia took revolutionary action and appointed committee of inspection which summoned all the merchants to it's tribunals, with their books, which quickly cleaned up the mess. Capitalism like everything else is constantly changing and to keep that changing from guiding it into channels, where it would work out its own destruction, 1t has been necessary to exercise control, and to curb interruptions elements that tcould build up oppression, or rack.
 ct, to point where revolutionary
 action might be the only cure. We
 can see these things happening in other parts of the world-Bloody
 Friday in St. Petersburg Uenin-
 grad) in 1905 had more to do with
 the 1917 Bolshevic revolution than
 Marxism had. The political revo- lutions of Mussolini and Hitler were
 definitely the result of economic
 chaos which 30 discouraged and
 bamboozled the Italian and German peoples that the ideologies of Mus
 solini and Hitler took root, and gained power by political trickery.
 Great Britain's recent swing to the
 left also had roots in the near sight
 ed, tradition soaked judgment of its political leaders. The pale pink of Ramsay Macdonald was vastly diff ferent from the rosy red of Prof.
 Lasky. Between Mac and Lasky
 we had two events that changed the
 shade the British people were will
 ing to experiment with the General Strike of 1926, and World War II.
 The General Strike-like Bloody Friday in Russia = persuaded a greater numb of the British peo- l pie rightly or wrongly, that Capi- talism wasn't working so well, and that socialization of some kind was in order.
 The folks in U. s. A. who are telling us that Labor needs to be taught a lesson ought to give a thought to the fact that the British workers lost the General Strike British Industry thought they had taught Labor lesson but look at the fruits of victory. Last month the great Bank of England was na- tionalized, and as Al Jolson used