[P]rivate enterprise and initiative, willing to take risks in the hope of gain, allowed to function in freedom, have produced the greatest wealth ever known in the history of mankind. And that if you stop this process and turn everything over to government, the activity will slow down, inventiveness will cease, and we shall get not equalization of riches, but equalization of poverty.

Capitalism is the use of wealth in private hands to create more wealth. It is the existing world-wide modern system of organizing production and trade by private enterprise, free to seek profit by employing human labor. Its defenders argue that never, since the beginning of history, has there been such a thing as perfect equality and harmony;… and every know period of history had rich and poor, and that actually modern technology, plus liberal democracy, plus an increased social sense, plus Capitalism, have created the modern world, and that as far as the standard of living of the average man is concerned the modern world surpasses all previous epochs of history.

The production of wealth by private enterprise is called Capitalism. It is hard to call Capitalism one of the isms, because Capitalism is not a creed at all. Capitalism was not ‘invented’ by any sociologist or philosopher. Capitalists never called themselves that. The word was invented by socialists to describe what they hated.

The communist theory is that a world war is inevitable; that in that war, if they play their cards well, the democracies will be lined up against the fascist dictatorships, and that the result of the war will be the triumph of Communism all over the world. Their chief program now is to get the democracies so lined up.

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Patriotism is the cheapest form of self-exaltation. If one is in debt, if one has not made a success of life—still, says Hitler, one belongs to the RACE. ‘All that is not Race, is dross!’ is one of his exclamations. The Germanys are a superior race and it is ordained that this superior race shall conquer the earth.

Above all, he appeals to the invisible realities, to the emotions, to faith rather than reason. His speeches are full of talk about Honor, Folk, Fatherland, Loyalty, Family, Sacrifice, Revenge. ‘He begins,’ says a writer who has often heard him, ‘in a gentle tenor voice. It is usually fifteen minutes before the miracle happens. Then it comes. Literally, it seems. ‘the spirit enters into him.’ He is possessed. Phrases come to his lips with are artistically perfect.

The capitalism which Hitler fought was so-called ‘loan capitalism.’—Finance, and the great trusts and cartels depending upon the banks. Department stores were included because, as it happened, many of them had Jewish owners. Expropriate Department Store Owners! Nationalize the trusts and the banks! Break up the Great Estates!’

On the subject of the constitution Hitler was more explicit, though there again, I had to interrupt an address to an unseen gallery. ‘I will get into power legally. I will abolish this parliament and the Weimar constitution afterward. I will found an authority-state, from the lowest cell to the highest instance; everywhere there will be responsibility and authority above, discipline and obedience below.’ So that’s that for the Republic.

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Hitler intends he told me to house as many of the unemployed as possible in barracks… and employ them in the service of the state at soldier’s wages, of something like six cents a day with room and keep. This will serve two ends: re-begin general military training and raise a force of road-builders, etc. He intends to break up such great estates as are not now being cultivated by their owners and carry on an extensive colonization plan. This, however, is already being done by the present government.

The interview was difficult, because one cannot carry on a conversation with Adolph Hitler. He speaks always, as though he were addressing a mass meeting. In personal intercourse he is shy, almost embarrassed. In every question he seeks for a theme that will set him off. Then his eyes focus in some far corner of the room; a hysterical note creeps into his voice which rises sometimes almost to a scream. He gives the impression of a man in a trance. He bangs the table.

He is formless, almost faceless, a man whose countenance is a caricature, a man whose framework seems cartilaginous, without bones. He is inconsequent and voluble, ill poised and insecure. He is the very prototype of the Little Man. A lock of lank hair falls over an insignificant and slightly retreating forehead. The back head is shallow. The face is broad in the check-bones. The nose is large, but badly shaped and without character. His movements are awkward. There is in his face no trace of any inner conflict or self-discipline. And yet, he is not without a certain charm. But it is the soft almost feminine charm of the Austrian! When he talks it is with a broad Austrian dialect. The eyes alone are notable. Dark gray and hyperthyroidic, they have the peculiar shine which often distinguishes geniuses, alcoholics, and hysterics.