John G. Bills Jr.
Socialisms Flow Chart: Revolution and Despotism
September 1964 • Volume: 14 • Issue: 9 •
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Mr. Bills is a stockbroker with Hornblower & Weeks in Los Angeles.
From the cornucopia of the welfare state to the whirlwind of revolution and despotism.
Though 1964 has shown good profits for many American companies, it is important in these fat months to understand that the prospect of profits inspires productive employment of human and other resources; dwindling profits mean unemployment and economic stagnation.
The welfare state operates as a vice and a vise — that can squeeze profits. The threat of such a squeeze can be overcome only through personal understanding and practice of the virtues of freedom — personal rejection of the underlying vices of welfarism.
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