ABSTRACT
At the turn of the century America seemed in danger of becoming a land in which the millionaires had more and more and the rest had less and less, and where a few financiers had a strangle hold, not only on the country's economic apparatus, but on its political apparatus too. Over every proposal for a further change in the complicated design of the national economic machine there is hot argument. The government therefore maintains certain control powers over the national economy as a whole; and in a time of emergency like that which has followed the onset of the Korean War, these powers are extended. Yet the delusion persists that the trend of the times is toward socialism—and perhaps even toward communism. In short, there is subconscious agreement among the vast majority of Americans that the United States is not evolving toward socialism, but past socialism.
