Word: capitalist
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...EPIW in Washington. Some 200,000 persons were said to be enrolled in the Utopian Society. If this sort of thing kept on, conservatives predicted that they would probably be clinging to Franklin Roosevelt as the last man left in the country to defend property rights and the capitalist system...
...League defenders had victories to claim. The 15th Assembly was most successful as a membership drive. After much preliminary palaver Red Russia was given the right hand of capitalist fellowship (TIME, Oct. 1). And just before adjournment Afghanistan and Ecuador became 59th and 60th nations to join the fold. That left only two potent countries outside the League: Brazil and the U. S., with Japan and Germany withdrawn...
...Assembly which acts by two-thirds vote convened, Czechoslovak Foreign Minister Dr. Eduard Benes, "Europe's Smartest Little Statesman.''strongly urged Russia's candidacy. In a pungent speech he hinted that to escape Depression large areas of the world may have to modify their Capitalist systems. Even so, Dr. Benes pessimistically declared, "Perhaps an entire generation is condemned to weakness and a long, painful struggle...
...seeds of destruction of the capitalist system are sown by itself. Prosperity depends on profits, the conversion of profits into capital, the increasing accumulation of that capital. So long as there were outlets for this accumulation, the system managed to get along, despite ups and downs and frequent "cyclical" depressions. The decline of capitalism is the result of old age. Its "historical role" is over. This is owing to the exhaustion of "the long-time factors of expansion"-industrial expansion, creation of new industries, opening up of new land. Stagnation has set in. The forces of production overwhelm the forces...
...unemployment, says Corey, has been a necessity for capitalism, providing a reserve of labor for new undertakings, serving as a club to beat down wages which are always threatening to destroy profits. But with the exhaustion of "the long-time factors of expansion," with no new worlds to conquer, capitalist industry will be unable to take care of the "surplus population," creating a mob of millions of destitute workers. According to Corey's charts and figures the increasingly unequal distribution of wealth, despite the claims of the boomtime-era bankers and statesmen, or the promises of Niraism, is tragic...